Volvo breaks up with Polestar and sees its stock soar
Baua Electric
FEBRUARY 1, 2024
The struggling luxury EV maker just lost its funding from Volvo, which is handing full responsibility for the brand over to China’s Geely. However, Volvo is letting them down easy, saying it’s a “natural evolution” for the two brands. Volvo bought the company in 2015, and then launched it as a separate EV-centric startup in 2017.
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