Polestar has taken a page out of Nio's book by stripping out some of the perks, thus lowering the Polestar 4's starting price by 14 percent to RMB 299,900.

The first Polestar 4 customers will be able to opt for the entitlement package, thus purchasing the model at the price before the reduction. The benefit package includes three years of free roadside assistance, vehicle internet connectivity and other entitlements.

Polestar is also offering customers a price protection promise that until December 31, 2024, if the Polestar 4's official prices go down, then the company will reimburse customers for the difference.

Currently, all of Polestar's models are built in China. Yesterday, the company announced that the first production Polestar 4 rolled off the production line at one of Geely's plants in Hangzhou, Zhejiang province.

At today's launch event, Polestar said deliveries of the Polestar 4 will begin in China in December.

($1 = RMB 7.2478)

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