Geely-Backed Polestar to Introduce Luxury Electric Sedan

MT Newswires Live

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Polestar is set to launch its luxury electric sedan during the IAA Mobility auto show in Germany on Sept. 9, the electric car manufacturer said in a Monday press release.

The Polestar 5 sedan will be priced starting at 119,900 euros, with a range of 565 kilometers. Its higher-performance version will be priced starting at 142,900 euros and could last up to 670 kilometers.

Polestar is controlled by Geely Automobile Holdings (HKG:0175) parent Zhejiang Geely Holding Group.

Shares of Geely Automobile rose 3% in Tuesday's trade.

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