Published: June 21st, 2023,
Last updated: June 21st, 2023
Polestar Automotive and tech firm Xingji Meizu, both subsidiaries of the Geely Group, have formed a software joint venture. The aim of the merger is to develop a technology platform into a full-fledged operating system. The joint venture is valued at $200 million (€183 million), Bloomberg reported. Polestar will hold a 49 percent stake.