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Automakers

Volvo to stop funding Polestar as Geely readies bailout

Polestar 4
Polestar launched European sales of the Polestar 4 battery-electric crossover in January.
R
By:
Reuters
February 01, 2024 07:43 AM

STOCKHOLM -- Volvo Cars will stop providing funding to Polestar and will transfer responsibility for the brand to China's Geely, which is Volvo's majority shareholder.

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