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Country: Sweden

Electric car brand owned by Volvo, itself a member of China's Geely Group


Renault to produce Polestar for China's Geely 13/11/2023

  • Renault announced on Thursday evening that the plant of its South Korean subsidiary, in which Geely holds a 34% stake, would produce electric cars for Polestar, one of the brands controlled by the Chinese group, from 2025.
  • By choosing Busan as its production site, Polestar has given itself the opportunity to attack the South Korean market, but is aiming above all at the US market.
  • The Renault Korea Motors plant in Busan also benefits from direct access to the city's seaport.
  • Renault aims to make Busan an export hub for its large SUVs
  • the site currently produces the Arkana, among other models
  • To date, the plant has specialized in hybrid models, and the Polestar 4 will be the first 100% electric car to be assembled on site

Polestar, an electric car, takes its first steps on Wall Street. 27/06/2022

  • Polestar, the Volvo subsidiary, has raised $890 million to continue its development
  • Its sales target is 10,000 cars in 2020 and 29,000 in 2021.
  • The company has placed a major order for 65,000 vehicles over five years with rental company Hertz
  • Polestar, a new carmaker and pure player in electric cars, is floated on the stock exchange.
  • The deal values the young automaker, born in 2017, at over $20 billion - three times Renault's market capitalization
  • Polestar has a factory in China and is due to launch the Polestar 3 by the end of the year at a plant owned by Volvo

Studies mentioning this company

The electric cars market - France

Other companies mentioned:

  • Tesla
  • Nissan
  • BMW Mottorrad
  • Hyundai Motors
  • Toyota
  • LG Chem
  • Symbio
  • Saft
  • Forsee Power
  • Blue Solutions (Bolloré Groupe)
  • Volvo Polestar
  • Polycrystal
  • MG Motor France
  • Audi (Volkswagen Group)
  • KIA
  • Mini (BMW)
  • Lexus France
  • Cupra (Seat group)
  • Mazda
  • Smart
  • DS Automobiles (Stellantis)
  • Abarth
  • Aiways Automobile
  • Fisker
  • Jeep
  • Chevrolet
  • Aston Martin
  • Cadillac
  • Stellantis (Groupe PSA et Fiat)
  • Renault Groupe

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