Geely-Backed Polestar to Introduce Luxury Electric Sedan

MT Newswires Live

Yesterday

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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