Swedish luxury electric carmaker Polestar, which is jointly owned by Volvo Cars ...
STOCKHOLM - Swedish luxury electric carmaker Polestar, which is jointly owned by Volvo Cars and its Chinese parent Geely, is setting up an R&D center in Britain to develop future passenger cars, it said on Wednesday.
Polestar, whose cars are known for their signature Polestar gold seat belts, said there were no special considerations about Brexit in making its decision as the move was more about tapping existing engineering expertise in the UK. A spokesman for the company, which hopes to offer its cars largely via a monthly subscription model that covers insurance and maintenance cost, declined to say what segments or models they were exploring.
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