Volvo says electric car unit Polestar could list one day
Updated : January 24, 2019 07:53 PM IST
Germany's Capital magazine had earlier quoted Volvo Chief Executive Hakan Samuelsson as saying that Polestar could tap financial investors to help stem the costs of developing new electric powertrains as a precursor to listing.
Carmakers are having to strike partnerships and seek alliances to cut the burden and cost of building new electric and autonomous powertrains, even as they grapple with challenges stemming from Washington's trade war with China and new emission regulations.
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