Giltrap's Polestar brand plans to rival Tesla

Giltrap's Polestar brand plans to rival Tesla
Polestar will join a broad family of brands at Giltrap. (Image: Supplied)
Matt Martel
Electric car maker Polestar will launch in New Zealand later this year, after striking a deal with mega distributor Giltrap Group.Global CEO Thomas Ingenlath said the new government EV feebate was a factor in bringing the Volvo-spawned brand to New Zealand.Polestar is jointly owned by Volvo and China’s Geely, which also currently owns Volvo, but is looking to independently list it.It will be only the second pure electric brand in New Zealand and aims to be a “serious challenger” to Tesla, which has so far sold 910 cars here th...

More Editor's Picks

Which NZX firms lost or gained NZ Super Fund investment
Markets

Which NZX firms lost or gained NZ Super Fund investment

The fund is an active investor in NZ. Here are the firms it likes, and those it dumped.

AT laying groundwork for congestion charging
Infrastructure

AT laying groundwork for congestion charging

AT wants to move quickly on time-of-use charging once legislation is in place.

Oliver Lewis 23 Apr 2024
Air NZ issues profit downgrade on soft conditions
Markets

Air NZ issues profit downgrade on soft conditions

North American market impacted by competitive pricing pressures. 

Victoria Young 22 Apr 2024
Bell Potter boosts Santana target price 53.5%
Primary Sector

Bell Potter boosts Santana target price 53.5%

Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.

Pattrick Smellie 19 Apr 2024