Polestar to get EVs from new Geely plant, report says

BEIJING -- Polestar will get electric vehicles from a new plant that parent Zhejiang Geely Holding plans to build in China, two people with direct knowledge of the matter told Reuters on Monday.

Geely wants to open a factory with annual capacity of 30,000 premium EVs in the western city of Chongqing, run by a wholly owned, newly registered company, according to documents on its website.

Polestar builds its current models in China in two plants for the local market and for export to Europe and the United States. The low-volume Polestar 1 plug-in hybrid coupe is made in Chengdu and Polestar 2 full-electric sedan is built in Luqiao.

The lineup will be expanded to add an SUV, the Polestar 3. Then will come the production version of the Precept full-electric grand tourer, which Polestar CEO Thomas Ingenlath said will be in development for another three years.