Volvo’s Polestar opens China factory to export to Europe, US
Posted Aug 27, 2019 01:42:03 AM.
This article is more than 5 years old.
BEIJING — Volvo Cars’ performance electric car brand, Polestar, has opened a factory in western China to produce a gasoline-electric hybrid for export to Europe and the United States.
Polestar CEO Thomas Ingenlath said Tuesday exports of the two-door, carbon fiber Polestar 1 coupe start this year to Europe, priced at about 150,000 euros ($165,000).
Ingenlath said exports to the United States from the factory in Chengdu start next year.
Volvo Cars is owned by Chinese automaker Geely Holding.
The Associated Press
