Volvo to cut stake in Polestar to 18% as EV demand slumps
Polestar shares have fallen due to a slower-than-expected ramp up and overall cooling EV demand. Volvo’s move will hand more responsibility to China’s Geely, which controls both companies.
Polestar shares have fallen due to a slower-than-expected ramp up and overall cooling EV demand. Volvo’s move will hand more responsibility to China’s Geely, which controls both companies.