Volvo will stop funding Polestar and is considering a move that could give parent Geely greater control of the EV brand, Reuters reported Thursday. The news comes after Polestar announced that it missed already-reduced 2023 delivery targets. The brand's shares are also down 83% since it went public in June 2022 via a merger with a special purpose... Volvo ends Polestar funding, as EV startup struggles
Volvo will stop funding Polestar and is considering a move that could give parent Geely greater control of the EV brand, Reuters reported Thursday. The news comes after Polestar announced that it missed already-reduced 2023 delivery targets. The brand's shares are also down 83% since it went public in June 2022 via a merger with a special purpose...