Volvo to cut stake in Polestar to 18% as EV demand slumps

Polestar 4 on track — The Polestar 4 crossover is the EV brand's newest entrant in Europe, with sales starting this year.

By:

Bloomberg

February 23, 2024 09:41 AM

Volvo Car will slash its stake in Polestar to 18 percent and stop funding the unprofitable electric-vehicle maker to focus on its on shift to battery technology.

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