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Electric Vehicle Polestar Model Revealed in China Set to Compete Against Tesla?

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Volvo, owned by Zhejiang Geely Holding, bought Polestar in 2015 and relaunched the brand as a stand-alone electric car business in June this year. Recently, they revealed  their “Polestar 1”, a luxury four-seater hybrid coupe  that they are committed competing against Tesla in China, the world’s largest car market.  China has stated that it desires to have electric and plug-in hybrid cars to make up  20% by 2025.

A quick reaction is that the market is surely large enough to share so this will be interesting to see how well they compend if the Polestar works as nice as it looks then I will take one!

Volvo unveils Polestar model in China, looks to rival Tesla 3

Volvo Cars and its Chinese parent have unveiled their first Polestar high performance electric car and pledged to invest 5 billion yuan ($760 million) in the brand, gearing up for intense competition to sell greener cars in the world’s biggest auto market. The Swedish car maker took the wraps off..

finance.yahoo.com

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