Tesla rival Polestar plans own smartphone launch alongside its first electric SUV in China
Publishing timestamp: 2023-09-06 03:46:47
Summary
Swedish electric vehicle maker Polestar plans to launch a smartphone in December alongside the release of its sports utility vehicle, Polestar 4, in China. The move highlights the emphasis on technology in the Chinese electric vehicle market. The smartphone launch is a result of a joint venture between Polestar and Meizu, and it aims to create a seamless transition between the phone and the car. The smartphone will be a premium device, and it will help Meizu enter the high-end device market. The idea of car companies launching phones is gaining traction in China, where customization of the operating system is possible. The smartphone will allow Polestar to bundle software, apps, and services, and it will provide insights into customer habits. Polestar faces competition in China from companies like Nio, Xpeng, and Tesla.
Sentiment: NEUTRAL
Tickers: 9868-HK, 9866-HK, AAPL, A4N1-FF, NIO, 175-HK, PSNY, MBG-DE, P911-DE, 8JO0-FF, XPEV, BMW-DE,
Keywords: business news, munich, germany, bayerische motoren werke ag, xpeng inc, apple inc, polestar, smartphones, nio inc, mercedes benz group ag, electric vehicles, technology, transportation, china, polestar automotive holding uk plc, operating systems, geely automobile holdings ltd, volvo car ab, autos, porsche ag,
Source: https://www.cnbc.com/2023/09/06/swedish-ev-maker-polestar-plans-own-smartphone-launch-in-china.html