TECH - Polestar Vs. Nio: EV Makers To Clash Beyond The Road In Smartphone Battle | Benzinga
Sweden’s Polestar Automotive Holding UK PLC (NASDAQ:PSNY), seems to be taking an intriguing leap into the smartphone market, following in the footsteps of Chinese EV maker Nio Inc (NYSE:NIO).
What Happened: Polestar is planning to launch a smartphone carrying the brand’s name in China in December as it begins to deliver its Polestar 4, CNBC reported, citing company CEO Thomas Ingenlath.
The phone will be a ‘premium’ device and will be developed as part of the joint venture between Polestar and Chinese smartphone maker Xingji Meizu owned by Chinese automaker Geely Automobile Holdings Ltd (OTC:GELYF), the report said. Polestar itself is backed by ...