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Daily Newsletter

17 November 2023

Daily Newsletter

17 November 2023

Polestar 4 China production starts

First Polestar manufactured at Geely's Hangzhou Bay factory

Dani Cole November 17 2023

Polestar has announced the start of production of the 4.

The first car off the assembly line was also the first Polestar to be manufactured at Geely Holding's Hangzhou Bay factory.

First deliveries to Chinese customers are expected before the end of 2023.

Earlier, Geely Group and Renault Korea Motors (RKM) reached an agreement for Polestar 4 production in Busan for North America and South Korea.

The model was first launched at the Shanghai Auto Show in April 2023.

Smart parking market expected to grow at a CAGR of 13.2% by 2030

Urbanization and population growth are the major drivers of the smart parking market as they have a significant impact on parking demand, traffic congestion, and the need for efficient urban infrastructure. Smart parking systems assist in optimizing the use of current parking facilities by providing real-time information on available spaces and decreasing the time and effort spent looking for parking. Automated parking systems and automobile stacking technologies optimize land usage by requiring less space for the same number of parked vehicles.

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