Volvo to drop its stake in Polestar with Geely taking over funding

01 February 2024
Geely is preparing to take over some of Volvo's 48% stake in Polestar in the face of slowing demand for EVs.

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  • Anonymous

(just to clarify: I'm referring to Polestar EVs, not the original Volvo performance unit)

  • Anonymous

Now they can stop pretending that Polestar is in any way "European" - it's always been a Chinese company.

  • Anonymous

There's going to be a massive culling of Chinese EV markets, which is already starting with the collapse of Evergrande. We'll eventually see consolidation in the industry.

Also Polestar wont survive with Volvo

Why does it even matter, Geely is just reshuffling there resources

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