A Subsidiary Of Polestar Automotive Holding UK PLC Enters Into Strategic Joint Venture To Accelerate Growth In China
Portfolio Pulse from Happy Mohamed
Polestar Automotive Holding UK PLC (NASDAQ: PSNY) subsidiary is entering a strategic joint venture with Xingji Meizu Group to accelerate growth in China. The partnership aims to develop Xingji Meizu's Flyme Auto platform into a seamless operating system for Polestar cars sold in China.

June 19, 2023 | 11:28 pm
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Polestar's joint venture with Xingji Meizu Group is expected to strengthen its position in the Chinese EV market by developing a seamless operating system for its cars sold in China.
The joint venture will help Polestar tap into the fast-growing Chinese EV market by leveraging Xingji Meizu's expertise in software and consumer electronics hardware development. This partnership will enable Polestar to offer a locally tailored user experience, which is crucial for success in the Chinese market. As a result, this news is likely to have a positive short-term impact on Polestar's stock price.
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