Geely’s new EV plant will build premium Polestar cars: sources
By Yilei Sun and Brenda Goh
BEIJING/SHANGHAI (Reuters) – An electrical vehicle (EV) manufacturing unit deliberate by Chinese automaking group Geely will produce autos beneath the premium Polestar marque, two of us with direct data of the matter instructed Reuters on Monday.
Zhejiang Geely Holding Group Co Ltd plans to build a plant with annual manufacturing functionality of 30,000 premium EVs inside the western metropolis of Chongqing, run by a very owned, newly registered agency, confirmed paperwork on its website.
Geely and Polestar declined to the touch upon the marque.
The plan comes as abroad automakers along with BMW AG <BMWG.DE> and Tesla Inc <TSLA.O> develop EV manufacturing on this planet’s largest market, sourcing most important EV elements similar to batteries regionally and typically exporting the highest product.
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