Volvo Cars increases shareholding in Polestar to 49.5 per cent
Volvo Cars today announces that it is acquiring additional shares in Polestar, the electric performance vehicle brand, which will result in its shareholding increasing to 49.5 per cent.
The move reflects Volvo Cars’ strong conviction in Polestar’s positioning and exciting potential in the high growth segment for premium electric vehicles. In recent years, Polestar has made significant progress and has established itself as a pioneer in the global market for high-performance electric vehicles as consumers are increasingly looking to combine e-mobility with their environmental aspirations.
As recently announced the Polestar 3, which is based on Volvo Car Group’s next generation electric architecture, will be built at Volvo Cars ́ plant in Ridgeville, South Carolina.
Jul 14, 2021 at 08:16