The Volvo Car Group has signed long-term contracts with CATL and LG Chem to ensure battery supply for the next generation of Volvo and Polestar electric models over the next decade. The orders are worth several billion dollars.
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Polestar has established a new R&D centre for future electric vehicles in Coventry, England. At the new British location, the Volvo electric brand will initially employ around 60 engineers to support the development of vehicles beyond the Polestar 3.
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Volvo’s wholly electrified performance label Polestar disclosed where it will build the Polestar 2 EV in China. The all-electric model will roll off the assembly line in Luqiao, Zhejiang Province, China, at the beginning of 2020. Meanwhile, Norway will see the first concept store opening.
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The Volvo subsidiary Polestar has officially launched its first volume production model. Two electric motors with a combined output of 300 kW power the Polestar 2 EV that has a battery capacity of 78 kWh, which should enable a WLTP range of 500 km.
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Polestar has released a first teaser photo of their first all-electric model, which is to be fully unveiled “in the coming weeks”. In addition, Volvo’s performance brand has released the first performance data of the Polestar 2.
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Volvo’s electrifying performance branch Polestar has revealed details on their first all-electric models. The Polestar 2 is shaping up to be particularly interesting as pricing and sizing will set it right on par with the Tesla Model 3.
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Demand for Volvo’s dedicated arm for premium plug-ins, Polestar, is on the up. After receiving thousands pre-orders for its first model, a 600 hp PHEV, Polestar is mulling to increase production. Also, very competitive pricing for the Polestar 2 has been released.
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Shortly after having been established as brand for electric cars, Volvo subsidiary Polestar has kicked off construction works for its production facility in the Chinese city of Chengdu. Opening of the plant is scheduled for mid-2018.
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