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.
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.
Lynk & Co 02, Zeekr 7X Secure Euro NCAP Five-Star Safety Rating
In this round of testing, four Chinese brand models – the Lynk & Co 02, Chery OMODA 9, Zeekr 7X, and Polestar 4 – have all secured the prestigious five-star safety rating.
Why Hasn’t Eric Li Given Up on Polestar?
Geely invested $200 million into Polestar, indicating ongoing support despite its struggles in the Chinese market. Polestar is focusing on Europe, seeking to enhance brand recognition and boost sales.