Volvo unveils Polestar model in China, looks to rival Tesla 3
October 17, 2017 at 11:16 AM EDT
SHANGHAI (Reuters) - Volvo Cars and its Chinese parent have unveiled their first Polestar high performance electric car and pledged to invest 5 billion yuan ($760 million) in the brand, gearing up for intense competition to sell greener cars in the world's biggest auto market.