VOLAF - Polestar looks to boost capacity with new plant in China

EV startup Polestar will produce vehicles from a new plant that parent Zhejiang Geely Holding (GELYF) plans to build in China, according to Reuters.Geely wants to open a factory with annual capacity of 30K premium EVs in the western city of Chongqing.Polestar currently builds the Polestar 1 in Chengdu and the Polestar 2 in Luqiao. The vehicles are then sold in the local market and exported to Europe and the U.S.The plan is boost the lineup with the Polestar 3 SUV and ramp up capacity.Polestar is jointly owned by Volvo Car Group (VOLAF) and Geely.Polestar 2 review by Barron's: "The Polestar boasts impressive handling, power, and interactive features. The car can accelerate from zero to 60 miles an hour in under 5 seconds. Torque and handling feel like other EV models. Electric motors produce peak torque (pulling force) right from the start. That’s different than internal combustion engines. And with heavy batteries

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Polestar looks to boost capacity with new plant in China