Volvo and Geely invest in Polestar, announce new plug-in vehicles for China
By Charles Morris Volvo Cars and its owner, China-based Geely Holding, will jointly invest RMB 5 billion ($756 million) to support the initial phase of Volvo subsidiary Polestar’s development. Among other things, the funds will be used to establish a Polestar manufacturing facility in Chengdu, China.
Polestar has revealed its first production model. The …read more