Polestar returns to the saddle, and arrives in France

A subsidiary of Chinese manufacturer Geely and you Swedish Volvo carsbrand Polestar continues “burn money” like all Start it. But up Uncertain electricity marketmarked by sales decline and price war driven and merciless Tesla and BYDThe sports organization has seen its stock price drop by 90% since the summer of 2022. Be financial holethe Swedish manufacturer announced this winter ceasing development of his former sports label.

Geely helps Polestar

Divorce led Geely to buy shares owned by Volvo. The Chinese manufacturer continues to provide operational and financial support to the brand. The markets did the rest. Polestar received a loan of 950 million dollarsfor the purpose ofto reach its financial balance in 2025.

brand hope quantitative growth this year, with goals annual production of 155,000 to 165,000 vehicles next year. Note that the manufacturer, which is mainly present in China, assembled 54,000 units last year, against the forecast of 60,000 vehicles.

A competitor to Tesla and Porsche

Released since 2020, the main rival of Tesla and of Porsche, Polestar has now started with fear. The product was not available until now on the French market because ofdisagreement with Citroën about the design of its logo.

Its launch in France is now scheduled for 2025. It should be distributed through of traders placed in the city.

variety of sedansof crossovers and of SUV Electricity is included Polestar 2 (4.60 meter sedan offering a range between 546 and 655 km), Polestar 3 (a 4.90 meter SUV offering a range of between 560 and 610 km), and soon Polestar 4 (coupe sedan of 4.84 meters, between 580 and 610 km). In Europe, models are available from less than 50,000 euros.