$Polestar Automotive (PSNY.US)$ Recently, at the opening cer...

$Polestar Automotive (PSNY.US)$ Recently, at the opening ceremony of Polestar's first brand experience center in the country, Polestar Shanghai Experience Center, Geely Holding Group CEO Li Donghui first publicly responded to the reasons and future plans for Geely's merger and acquisition of Polestar. He said that Polestar is a bridgehead for Geely Holding Group's global layout and is of great strategic significance to the Group's global development.

As the “leader” of Polestar, Geely Holding Group will support Polestar's independent development globally and in China, provide comprehensive operational, technical and financial support to Polestar, and participate in Polestar's financing plans in due course. In addition, Geely's technical strength, superior resources, and competitive supply chain system will also be fully opened to Polestar, Li Donghui added.