Search
On April 10, Polestar released a statement, announcing the execution of a termination framework agreement with Xingji Meizu. The agreement outlines the cessation of operations for their joint venture, Polestar Era Technology (Nanjing) Co., Ltd., and the subsequent transfer of distribution rights back to Polestar. The terms of this agreement require the joint venture to resolve all pending financial obligations and remaining debts to business partners prior to discontinuing operations. This decision indicates that Polestar will regain control over sales, customer service, and distribution in the Chinese market, possibly signaling a phased withdrawal from the Chinese market amidst disappointing annual sales figures that hover at a mere few thousand units.
-
C114 Communication Network -
Communication Home
