On October 27, according to media reports, Geely Holding Group plans to build a factory in Chongqing for the production of electric vehicles under the Polestar brand, with an estimated annual production capacity of 30,000.
According to reports, the plant will be operated by a newly registered wholly-owned subsidiary. In addition, two people familiar with the matter said that the plant will produce high-end electric vehicles under the Geely Holding Group’s Polestar brand.
In response, Geely Holding Group officially responded that it would not comment, and Polestar Auto insiders also said that they had not heard of this.
Polestar is a high-performance electric vehicle brand. It is jointly owned by Volvo Car Group and Zhejiang Geely Holding Group. Currently, Polestar 1 and Polestar 2 are on sale.
Among them, the Polestar 1 hybrid vehicle is produced at the Chengdu plant, and the Polestar 2 pure electric vehicle is produced at the Taizhou plant.
Polestar Precept Concept Car
Previously, the Polestar Precept concept car released at the Beijing Auto Show will also be trial-produced on a small scale at the Chengdu plant in September 2021, and will be mass-produced in April 2022. Polestar also plans to launch larger and more sporty cars.
Currently, Polestar has exhibition halls in 9 countries and plans to increase the number of exhibition halls from 23 to 45 before the end of the year. Polestar CEO Thomas Ingenlath said the company is also looking for new markets in the Asia-Pacific and Middle East regions.