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Polestar's showroom in Oslo, Norway. In October 2017, Volvo Cars and Geely Holding announced that Polestar would become a standalone brand focusing on electric cars. [27] The brand introduced the Polestar 1 on 17 October 2017, a 2+2 coupé inspired by Volvo's Concept Coupé introduced in 2013, which includes influences from the Volvo P1800.
It assembles its Polestar 2 sedan crossover and Polestar 3 at a facility in Chengdu, China — and those cars are subject to the US tariffs of 100% on Chinese-made EVs, a policy implemented by the ...
Asked how Polestar is preparing for the possibility a European probe into Chinese-made EVs might lead to increased tariffs, Thomas Ingenlath said the automaker was exploring the idea of speeding ...
Polestar already reduced its vehicle prices by thousands of dollars over the past year, and the new European Union tariffs on its Chinese-made EVs could exacerbate that pressure and hamper its ...
However, since 2017, the Chinese government had indicated that it would liberalize foreign control in the automotive sector, allowing full ownership by foreign companies. [8] In 2017, Tesla was allowed to set up a plant in Shanghai city, making it the first foreign automaker to open a wholly owned factory in China. [9]
Following the Chinese economic reform, from 1994 to 2018, Chinese automotive policy mandated that foreign carmakers had to establish joint ventures with a Chinese counterpart to produce vehicles in the country, with the Chinese partner owning at least 50% of the venture. This measure was implemented to protect local manufacturers and provide it ...
The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies ...
Volvo's exterior design chief Maximilian Missoni tweaked the car's taillights, grille, and wheels in order to differentiate it as a standalone vehicle. [12] The Polestar 2 is also the first car with Google's Android Automotive operating system built in. Polestar 2 is the second car under the Polestar brand after the Polestar 1.