Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
Polestar 2
 
Polestar to open 20 China stores by end of 2020
Automotive News China | 2019/5/3

Polestar, Volvo Car Corp.'s electrified performance-vehicle brand, aims to open 20 stores in China by the end of next year to tap local demand for luxury electrified vehicles.

The first store will open in the Chinese capital city of Beijing in the third quarter, Polestar said.

In addition to Beijing, Polestar plans to open stores in nine other major Chinese cities -- Shanghai, Shenzhen, Hangzhou, Chengdu, Chongqing, Wuhan, Xi'an, Nanjing and Xia'men -- before the end of next year.

Volvo made the Polestar Performance business a stand-alone brand in 2017. It has rolled out two production models under the brand: the Polestar 1 hybrid coup and the Polestar 2 all-electric midsize sedan. Both vehicles will be produced in China.

The Polestar 1 will be built at a plant jointly owned by Volvo and its corporate parent, Zhejiang Geely Holding Group, in the southwest China city of Chengdu, with production to begin by mid-year.

Production of the Polestar 2 will start in early 2020 at Geely's Luqiao factory in east China's Zhejiang province, which builds the Volvo XC40 and the Lynk & CO 01 crossovers.

The three vehicles are all based on Volvo's new compact car platform dubbed Compact Modular Architecture. Lynk & CO is a brand jointly owned by Geely and Volvo.

Volvo has started taking orders for the two Polestar models in China. The Polestar 1 carries a price tag of 1.45 million yuan ($215,453) while the Polestar 2 has a starting price of 298,000 yuan.

Volvo also expects to export the two Polestar models from China to Western Europe and North America, though it hasn't set a time frame to begin shipments.

Related Stories
  • Volvo's Polestar brand intensifies Tesla challenge with 'powerful little beast'
  •     --Published:2019/17/5
     
  • Volvo sales pick up on demand for locally built models
  •     --Published:2019/7/5
     
  • Volvo explores closer ties with shareholder Geely in China
  •     --Published:2019/12/4
     
  • Volvo opens headquarters for Asia Pacific in Shanghai
  •     --Published:2019/22/3
     
  • Volvo to add in-car sensors to prevent drunken driving
  •     --Published:2019/22/3
     
  • Volvo Cars to pay $311 million dividend, second under China's Geely
  •     --Published:2019/15/3
     
  • Volvo dividend to aid coffers of debt-laden Geely
  •     --Published:2019/14/3
     
  • Volvo's Polestar 2 rollout threatened by China, U.S. trade dispute
  •     --Published:2019/8/3
     
  • Volvo to limit vehicle speeds in bid for zero deaths
  •     --Published:2019/5/3
     
  • Volvo's Polestar 2 takes aim at Tesla Model 3
  •     --Published:2019/1/3
     
  • Volvo Cars courts China, U.S. tech investors to fund Polestar rollout
  •     --Published:2019/8/2
     
  • Volvo extends sales gains behind 2 locally built models
  •     --Published:2019/8/2
     
  • U.S.-China trade war squeezes Volvo Car profit margins
  •     --Published:2019/8/2
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    ICP06057291