An electric vehicle (EV) factory planned by Chinese automaking group Geely will produce cars under the premium Polestar marque, two people with direct knowledge of the matter told Reuters on Monday.
FILE PHOTO: A man looks at a Polestar Precept car at the Beijing International Automotive Exhibition, China, Sept. 26, 2020. REUTERS/Thomas Peter/File Photo
Hangzhou-based Geely is China’s most internationally known automaker. It owns Volvo Cars and Lotus, almost half of Proton and 9.7% of Daimler AG. Its Hong Kong-listed Geely Automobile Holdings Ltd is planning a Shanghai float.
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