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.
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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.