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Automakers

Polestar's lukewarm debut sends troubling signal for EV makers

Polestar 2
The Polestar 2 full-electric sedan. The market valuation of Polestar, which was cofounded by Volvo Cars and Zhejiang Geely Holding in 2017, stood at about $24 billion as of Monday's close.
B
By:
Bloomberg
June 28, 2022 03:48 PM

The lukewarm reception for Polestar, the latest electric-vehicle company to go public in the U.S., is sending an ominous message to other startups: The purge isn't over.

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