Zhejiang Geely Holding Group, Volvo Automotive’s father or mother firm, makes Polestar autos. Volvo and Geely Holding introduced plans for Volvo to switch Polestar possession in 2024, more likely to Geely Sweden Holding subsidiary. Wall Road analysts have criticized Volvo for its possession stake in Polestar, saying that it’s a drag on Volvo earnings. Geely says the corporate absolutely helps Polestar as an unbiased model, giving the Chinese language automaker a foothold in the USA.
Volvo purchased Polestar in 2015 and established the Gothenburg, Sweden-based model two years later as a standalone efficiency electrical car producer. Earlier than Polestar turned a standalone automobile model, it made a reputation for itself by tuning Volvo automobiles for increased efficiency.
The Polestar 1 launched for the 2020 mannequin yr. Whereas Polestar’s plant in Chengdu, China, makes a lot of its autos, the Polestar Three SUV might be made in an meeting plant in Ridgeville, South Carolina, that it shares with Volvo.
Listing of 2024 Polestar Automobiles and SUVs
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