Polestar, the electric brand jointly owned by Volvo Car Group and Zhejiang Geely Holdings opened its first production facility, a milestone for the rapidly growing car company. Five hundred Polestar 1 cars are planned to be built per year in the new Chengdu facility, with a total of 1,500 planned over a three year production cycle.
Read MorePolestar is coming… aiming to take on the might of BMW, Mercedes and not to mention Tesla then Chinese owned but Eurocentric car brand will start selling their mass market Polestar 2 globally in 2020.
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