Volvo Polestar: The latest figures, news and market research on Volvo Polestar

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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

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