Electric Vehicles
Polestar Shuts Stores in China, Exits EV Sales Joint Venture
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Electric vehicle brand Polestar is scaling back its presence in China, running down its store network and exiting a sales and marketing joint venture with a local company.
Polestar Chief Executive Officer Michael Lohscheller said the Swedish-origin carmaker, which is part of billionaire Li Shufu’s auto empire, has decided on a different set up in the world’s largest vehicle market.