Polestar, the premium electric vehicle maker owned by China's Geely , plans a big expansion of its showroom network in the mainland, sources said, ...
Polestar, the premium electric vehicle maker owned by China's Geely , plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's locally made Model 3.
Showroom strength is becoming an important differentiator for electric vehicle makers in the world's biggest auto and EV market, as they line up new model launches.Polestar, which plans to deliver Polestar 2 electric sedans in China from July, currently has one showroom, in the capital Beijing. It plans to have 20 showrooms, with most of them opening in the third quarter of this year.
Direct sales to customers can help automakers to better manage a car's retail price and its production and inventory. However, it also adds to costs if automakers need to invest in self-owned showrooms like Tesla.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China says US attempts to damage China's interest will be counteredBEIJING (REUTERS, BLOOMBERG) - China on Monday said that US attempts to harm Chinese interests will be met with firm countermeasures, criticising Washington's decision to end special treatment of Hong Kong as well as actions against Chinese students and companies.. Read more at straitstimes.com.
Read more »
Nissan sees cost of quitting Barcelona at up to US$1.7 billion, source saysNissan Motor Co has estimated the closure of its plants in Barcelona could cost up to around 1.5 billion euros (US$1.7 billion), a union source ...
Read more »
China announces plans to further open up Hainan islandChina announced plans on Monday for the further opening up of its southern island province of Hainan, the Xinhua news agency said.
Read more »
Hong Kong finance secretary says no plans to change US dollar pegHONG KONG: Hong Kong had no plans to change its currency's peg to the US dollar and the Asian financial hub has not seen any 'obvious' capital ...
Read more »
China says US protests show 'chronic disease' of racismBEIJING: China said Monday (Jun 1) unrest in the United States highlighted its severe problems of racism and police violence, and exposed ...
Read more »
US-China tensions over Hong Kong a risk to global economy, says Japanese ministerTOKYO (BLOOMBERG) - Japanese Economy Minister Yasutoshi Nishimura said friction between the US and China over Hong Kong poses a risk to the global economy if the city ceases to be an international financial hub.. Read more at straitstimes.com.
Read more »