Volvo's Electric Brand Polestar Inaugurates China Factory With Exports To US, Europe On Sight
Automotive Exports|October 2019
Amid rising trade tension, Volvo’s electric brand, Polestar, is going ahead with plans to export its first Chinese-made model to the United States next year, the automaker’s CEO said. Polestar opened a factory in the western city of Chengdu to produce the Polestar 1, a two-door, gasoline-electric hybrid coupe with a carbon-fiber body.

European sales of the Polestar 1 start this year, priced at about 150,000 euros ($165,000), said Polestar CEO Thomas Ingenlath. He said U.S. sales are due to start early next year.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM AUTOMOTIVE EXPORTSView All

Turkish Auto Industry Eyes Over $500M In Exports To Russia

The leader of national exports, Turkey’s automotive industry expects its exports to Russia to exceed $500 million in 2019, according to the vice-chairman of the Uludag Automotive Industry Exporters Association (OIB).

1 min read
Automotive Exports
October 2019

Turkey Grants TL 28B In Support To Auto Industry

Turkey, seen as having the best chance to host the new factory of German carmaker Volkswagen, has been the investment base of the automotive industry over the last five years.

2 mins read
Automotive Exports
October 2019

Volvo's Electric Brand Polestar Inaugurates China Factory With Exports To US, Europe On Sight

Amid rising trade tension, Volvo’s electric brand, Polestar, is going ahead with plans to export its first Chinese-made model to the United States next year, the automaker’s CEO said. Polestar opened a factory in the western city of Chengdu to produce the Polestar 1, a two-door, gasoline-electric hybrid coupe with a carbon-fiber body.

1 min read
Automotive Exports
October 2019

OECD Revises Turkey's Growth Estimate,cuts Global Outlook To Post-Crisis Low

The Organization for Economic Co-operation and Development (OECD) made a major revision in its projection for Turkish economic growth in 2019, as it warned about escalating trade tensions are eroding global growth prospects,

3 mins read
Automotive Exports
October 2019

Turkey To Attract More FDI Despite Global Reduction

Having received around $13 billion in foreign direct investment (FDI) in 2018, Turkey will continue to attract more investments from across the globe, according to strategist and analyst Cüneyt Paksoy.

2 mins read
Automotive Exports
October 2019

Foreign Direct Investment Records 6.3% Rise In First Half

Foreign direct investment (FDI) in Turkey increased by 6.3% from June last year to June 2019, reaching approximately $12.4 billion.

2 mins read
Automotive Exports
October 2019

Turkish Auto Sector Records Rising Exports To European Union

The automotive sector, the engine of Turkish exports, achieved $1.3 billion in exports to European Union countries in August, an increase of nearly 10% compared to the same month last year.

1 min read
Automotive Exports
October 2019

Cezeri, Turkey's First Flying Car Debuts At Teknofest

Turkey’s first flying car, Cezeri became the most notable product at this year’s Teknofest, the country’s top aerospace and technology festival visited by nearly 2 million people from Sept. 17-22.

5 mins read
Automotive Exports
October 2019

Turkish manufacturer enjoys 45% rise in overseas sales

TürkTraktör, the Turkish automotive industry’s first manufacturer that is still operational, saw its overseas sales turnover increase by 45% in the January-June period, the company said in a statement.

2 mins read
Automotive Exports
August 2019

Turkish automotive sector keeps its lion's share in total exports

It is reported by Automotive Manufacturers Association (OSD) that automotive sector keeps its lion’s share in Turkey’s total exports during the first six months of the year.

2 mins read
Automotive Exports
August 2019
RELATED STORIES

AUTOMAKERS BMW, VOLVO BACK MORATORIUM ON DEEP SEABED MINING

Automakers BMW and Volvo announced that they support a moratorium on deep seabed mining for minerals used in electric vehicle batteries and other products.

2 mins read
AppleMagazine
AppleMagazine #492

GOODBYE GAS: VOLVO TO MAKE ONLY ELECTRIC VEHICLES BY 2030

Volvo says it will make only electric vehicles by 2030. But if you want one, you’ll have to buy it online.

1 min read
AppleMagazine
AppleMagazine #488

2021 Volvo XC40 Recharge

Look out, Tesla Model Y, you have company

3 mins read
Motor Trend
January 2021

5 EXPERT TIPS - HOW TO HELM AT NIGHT

HENRY BOMBY has raced a lot of miles through the night. He talks to ANDY RICE about how to keep your boat speed up after dark

3 mins read
Yachting World
November 2020

Light & Bright for the Holidays

This Scandi-Dutch home, built by a florist and her husband, sparkles and shines even more at Christmas.

4 mins read
Cottages and Bungalows
FMD Christmas 2020

Remember when a car meant freedom?

''If the car was invented today and we said this consumer product will improve mobility and productivity, but … it will kill 33,000 people a year in America, do you think the government would approve it for sale?”

3 mins read
Motor Trend
October 2020

FUTURE CARS!

THE MOST EXCITING NEW CARS, TRUCKS, AND SUVS COMING IN 2021 OR LATER, ALL IN ONE PLACE

10+ mins read
Motor Trend
July 2020

5 EXPERT TIPS HOW TO CREATE A COHESIVE CREW

Round the world sailor DEE CAFFARI shares her advice on getting a team to gel with ANDY RICE

4 mins read
Yachting World
June 2020

Green is good

YES, IT’S POSSIBLE. THESE FOUR CARS PROVE ‘HYBRID FUN’ IS NOT AN OXYMORON.

10+ mins read
Motor Trend
April 2020

Chatter Chartroom

Circumnavigator sets sail to fight plastics

9 mins read
Ocean Navigator
January/February 2020