Volvo breaks up with Polestar and sees its stock soar
Baua Electric
FEBRUARY 1, 2024
Volvo bought the company in 2015, and then launched it as a separate EV-centric startup in 2017. China’s Geely, which is the parent of both brands, is preparing to help Polestar out by redistributing shares, saying that it will fully support Polestar as an independent brand. billion, Bloomberg cites. Get started here.
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