Polestar to Cut 30% of China Workforce Amid Production Suspension
Polestar, the electric vehicle manufacturer affiliated with Chinese automaker Geely, is reportedly planning its first major workforce reduction in China. The company aims to cut approximately 30% of its staff in the region by the end of September. This significant downsizing is expected to heavily impact local car manufacturing operations. Reports indicate that Polestar has already suspended production at its facility in Chengdu, located in southwestern China, and is seeking to reduce office space at its regional headquarters in Shanghai. This development follows a global restructuring announcement in January, where the Swedish brand stated intentions to reduce its worldwide workforce by 15%. The drastic measures in China come amid poor sales performance, with fewer than 1,000 vehicles sold in the country during the first four months of the year. As the world's largest auto market, China's sluggish demand for Polestar vehicles has necessitated these operational adjustments. The news, initially reported by local media outlet FEAutoCar, highlights the challenges facing international EV brands in the competitive Chinese market.
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Polestar to Cut 30% of China Workforce Amid Production Suspension
Polestar, the electric vehicle manufacturer affiliated with Chinese automaker Geely, is reportedly planning its first major workforce reduction in China. The company aims to cut approximately 30% of its staff in the region by the end of September. This significant downsizing is expected to heavily impact local car manufacturing operations. Reports indicate that Polestar has already suspended production at its facility in Chengdu, located in southwestern China, and is seeking to reduce office space at its regional headquarters in Shanghai. This development follows a global restructuring announcement in January, where the Swedish brand stated intentions to reduce its worldwide workforce by 15%. The drastic measures in China come amid poor sales performance, with fewer than 1,000 vehicles sold in the country during the first four months of the year. As the world's largest auto market, China's sluggish demand for Polestar vehicles has necessitated these operational adjustments. The news, initially reported by local media outlet FEAutoCar, highlights the challenges facing international EV brands in the competitive Chinese market.
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