STORY: Swedish EV maker Polestar expects greater opportunities in Chinese market
SHOOTING TIME: Nov. 11, 2023
DATELINE: Nov. 12, 2023
LENGTH: 00:01:41
LOCATION: LOS ANGELES, U.S.
CATEGORY: TECHNOLOGY

SHOTLIST:
1. various of the innovation demonstration event
2. SOUNDBITE (English): THOMAS INGENLATH, Polestar CEO
3. various of the event

STORYLINE:

Swedish electric vehicle (EV) maker Polestar expects to enhance technological cooperation with China and seek greater opportunities in the Chinese market, said Polestar CEO Thomas Ingenlath in an interview with Xinhua on Thursday.

"The speed of innovation in China is like nothing you can imagine compared to any other market. It is a market where - more than in any other part of the world - customers demand a completely different experience and digital integration in their cars," Ingenlath said at an innovation demonstration event held in Los Angeles.

"There is a huge opportunity for us in China. But at the same time, it is also one of the most challenging markets for a European brand to succeed in - both culturally and technologically," he added.

Headquartered in Gothenburg, Sweden, Polestar is determined to using design and technology in its electric cars to accelerate the shift to sustainable mobility.

Its EV cars are available in 27 markets globally across North America, Europe and Asia Pacific.

At the demonstration event, Polestar showcased a full range of future models, including Polestar 3, Polestar 4, Polestar 5, Polestar Precept, the Polestar Electric Roadster Concept and Polestar Synergy. Guests were invited to test drive the latest models.

SOUNDBITE (English): THOMAS INGENLATH, Polestar CEO
"Obviously, from the very beginning, China has been, was, will be very strong and important part of our history."

Calling China one of the fastest growing EV markets in the world, Ingenlath said Polestar has attached great importance to the Chinese market for its great competence, quality, reliability, and the great supply chain base.

Polestar has partnered with Chinese technology company DreamSmart Group to develop the technology platform into a seamless operating system for Polestar cars sold in China, including in-car apps, streaming services, and intelligent vehicle software.

"This was an opportunity to bring together what we believe are Polestar's strengths in design and customer experience, and DreamSmart's strengths in mobile technologies and software engineering," Ingenlath said.

He expressed confidence in China's development, saying there is "high resilience" in China's economy as well as the eagerness of the country to go forward.

Calling climate change one of the biggest challenges that the world is facing, Ingenlath said joint efforts are needed to address the challenge, to reach "fossil-free industry."

"Global problems can only be fought by global solutions," he said, adding green energy is the best solution for personal transport and a more healthy environment.

Xinhua News Agency correspondents reporting from Los Angeles, U.S.
(XHTV)