Geely-Backed Polestar to Exit the U.S. From 2027 as China Software Rules Bite
Polestar’s application to sell new vehicles in the U.S. was rejected due to regulations on connected vehicle software from China.
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Volvo Recalls 2,501 EX30 SUVs in China Over Battery Defect Risk
Volvo’s EX30 recall affects 2,501 Chinese vehicles due to battery issues, highlighting broader quality concerns across Geely’s brands.
Geely’s Polestar Recalls 1,473 Polestar 4 EVs in China Over Battery Defects
Geely’s Polestar will recall 1,473 Polestar 4 EVs due to battery defects, implementing replacements and monitoring for safety.
Geely Q1 Sales Reach 938K Units as NEV Penetration Exceeds 50%
Geely Group sold 938,000 vehicles in Q1 2026, despite a slight decline; new energy vehicles surged to 491,000, showcasing market resilience.
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…
Geely, Volvo-Backed Polestar Secures $400 Million Equity Financing
The transaction does not require regulatory approval and is expected to close by February 5, 2026.
Polestar Secures Up to $600 Million Loan From Controlling Shareholder Geely
According to the filing, the first $300 million of the term loan is a committed facility, while the second $300 million is uncommitted and subject to lender approval based on Polestar’s future liquidity needs.