Volvo to Raise Polestar Stake to 19.9% via Debt-to-Equity Conversion
On March 31, Polestar announced that Volvo Cars has agreed to convert approximately $274 million in outstanding shareholder loans into…
Latest in EV news, technologies, data and insights from China market
On March 31, Polestar announced that Volvo Cars has agreed to convert approximately $274 million in outstanding shareholder loans into…
Industry estimates place China’s passenger vehicle retail sales at around 1.8 million units for March.
NEVs have nearly disappeared from imports, with share falling to just 1% and BEV imports plunging 88% YoY.
On March 30, Volkswagen’s first range-extended model, the Volkswagen ID.ERA 9X, opened pre-sales in Shenzhen with a price range of…
Dongfeng Asset plans to buy RMB 250 million in Voyah shares to boost confidence post-listing.
No equity changes involved in this MoU—Lynk & Co remains under Geely control, while Volvo focuses on commercial execution to accelerate expansion.