Volvo Cars relaunches Polestar as standalone electric car brand


technology  STOCKHOLM
Volvo Cars relaunches Polestar as standalone electric car brand

STOCKHOLM Geely-owned automaker Volvo Cars will make its Polestar Performance business a standalone brand within the group, focusing on electric cars, the company said on Wednesday.

Polestar, bought by Volvo in 2015, will produce own-brand vehicles while continuing to deliver high-performance upgrades to the Volvo range.

The new offering will be mainly electric vehicles, aimed at competing with Tesla and the Mercedes AMG division on battery supercars, Volvo said.

"Polestar will be a credible competitor in the emerging global market for high-performance electrified cars," it said.

Major markets are likely to include China and the United States.

(Reporting by Anna Ringstrom; Editing by David Goodman)

By: Reuters Editorial

« technology    « STOCKHOLM

  CITIES NEWS
LONDON
DUBAI
BEDMINSTER, New Jersey
SEOUL
TAIPEI
MOSCOW
BERLIN
STOCKHOLM
WASHINGTON
LOS ANGELES
BRASILIA
SILVERSTONE, England
SAYLORSBURG, Pa
AMSTERDAM
BERGERAC, France
KABUL
BARCELONA
PARIS
MOSUL, Iraq
BRUSSELS
DOHA
CAIRO
FRANKFURT
LAUSANNE
  DATE NEWS
2018/01/22
Facebook Says Social Media Not Always Healthy for Democracy


2018/01/21
Planned Parenthood president tells white women to 'do better' in fight for equality


2018/01/20
Vowing anti-graft revolution, Mexican governor shakes election


2018/01/19
Italian who survived Auschwitz as a child given top honor


2018/01/18
Russia accuses Washington of leaking diplomats' bank details


2018/01/17
Trump says Russia helping N.Korea skirt sanctions; Pyongyang getting close on missile