Search results
Results from the WOW.Com Content Network
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.
There are currently about 150 active brands in the Chinese automobile market. Among them are 97 Chinese domestic brands and 43 joint venture (JV) brands. [1] Before 2010, the traditional "Big Four" refers to the four major state-owned car manufacturers, SAIC, FAW, Dongfeng and Changan.
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]
Polestar’s strategy is an “asset light” one: The company intends to use existing technologies and assembly plants owned by its partners — Volvo and Geely — to develop and build its cars ...
BEIJING (Reuters) -Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive is accelerating efforts to produce more vehicles outside China in view of rising geopolitical tensions ...
Polestar was previously owned by Volvo, which is now owned by Geely. Polestar also plans to build its Polestar 3 at a Volvo factory in South Carolina, which would allow it to also avoid tariffs.
Guangzhou Automobile Group Co., Ltd. (GAC Group) is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong.Founded in 1954, it is currently the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021.
The venture represents a further push by the Geely group to adapt cars specifically for Chinese consumers. Meizu is owned by Geely chairman Li Shufu, who is also one of Polestar's largest ...