Friday, January 28, 2022
News Report: Polestar to Build EVs at New Premium Plant in China

Report: Polestar to Build EVs at New Premium Plant in China

New Geely plant in China to build 30k EVs a year; report

  • New plant to build 30k premium EVs per year

  • Owned by new company of parent Geely


Wondering where Polestar‘s EVs would be built once the brand starts to come on stream? A new EV factory built by parent automaker Geely in China, says a new report from Reuters this week.

Zhejiang Geely Holding Group Co Ltd is the company that is the parent to Polestar, along with Volvo and Lotus Cars, and sells its own vehicles under the Geely brand (plus owns nearly 10 percent of Daimler). The report, citing persons “with direct knowledge of the matter,” said that Geely is planning a new facility near the western city of Chongqing that could build 30,000 premium EVs per year. The factory would be run by a new company, wholly owned by Geely.

Geely wouldn’t be the only automaker expanding EV capacity in China, BMW and Tesla, among others, are in the process of doing the same, plus sourcing batteries and components within the country. China is the world’s largest auto market and is also the top seller of electric vehicles, with alternative vehicle power heavily government subsidised.

The low-volume Polestar 1 PHEV is built at a facility in Chengdu, while the higher production Polestar 2 electric is built in Taizhou.

While the two companies didn’t comment on the news, Polestar Chief Executive Thomas Ingenlath told Reuters the firm is scouting markets in Asia-Pacific and the Middle East. It plans to expand its vehicle offerings and raise the number of Polestar Space showrooms from 23 to 45 by end of year. It’s not clear if all 30,000 vehicles at the plant would be Polestar models, of if capacity would be shared by other Geely Group premium EVs.

Trending Now

The Ineos Grenadier is Headed for Production in 2023

The Grenadier is an Off-roader inspired by the original Land Rover Defender It will be powered by a BMW powertrain with three locking...

All-New 2022 Kia EV6 Priced from $40,900 in the US

Five versions of the EV6 will be offered. The least expensive dual-motor version, the Wind, retails for $50,900. The EV6 arrives in showrooms...

No Cybertruck Before 2023

The automaker Tesla used the day on January 26 to unveil its results for the final quarter of 2021. Unsurprisingly, the U.S. division once...

Ford has Now Received 10,000 Orders for the e-Transit

The e-Transit is an electric version of Ford’s delivery van The orders are from about 300 customers, including Walmart The most popular model...

40-millionth Ford F-Series Sold in the U.S. Leaves Dearborn Factory

75-years, 40 million trucks for American buyers Top-selling vehicle in U.S. for 40 years Ford's F-Series has spent the last 40 years as the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.