Polestar Enters Strategic Joint Venture With Xingji Meizu to Accelerate Growth in China

Polestar is entering into a strategic joint venture for the China market with the technology company Xingji Meizu Group. The joint venture will bring together Polestar’s capabilities within design and performance with the software and consumer electronics hardware development expertise of Xingji Meizu.

The joint venture will develop Xingji Meizu’s existing technology platform, Flyme Auto, into a seamless operating system for Polestar cars sold in China, including in-car apps, streaming services, and intelligent vehicle software.

This will be complemented by mobile and augmented reality devices and customer apps, creating a digital ecosystem.

Polestar expects to transfer around 130 commercial staff in China to the new company, which will be the sole authorised Polestar sales and service entity in China.

Polestar will own 49% of the joint venture company equity, with the remaining 51% to be owned by Xingji Meizu.

Xingji Meizu’s founder is Eric (Shufu) Li, the chairman of Geely Holding Group, one of China’s largest automakers, and the ultimate  owner of Polestar.

Thomas Ingenlath, Polestar CEO, says: “China is one of the fastest growing EV markets in the world. It’s also a market with very specific consumer trends, including increasing levels of integration between consumer electronics devices and vehicles. By partnering with a company that has a strong complementary competence to our own, we will be able to offer the locally tailored user experience that both drivers and passengers expect.”

Ziyu Shen, Xingji Meizu Chairman, adds: “The future of our industry will be enabled by integrated devices and platforms that deliver an immersive experience for end users. With the support of the progressive technology of Xingji Meizu, Polestar will take the lead in the field of smart mobility. By working closely together, we will create even better products and offer users a seamless experience across a multitude of devices.”

Headquartered in Gothenburg, Sweden, Polestar's cars are available online in 27 markets globally across North America, Europe and Asia Pacific.