Post 822797 by VPCUK on 2024-02-23 13:10:04
Volvo on Friday said it planned to reduce its stake in Polestar by 62%, and cease funding the electric vehicle startup as it focuses funding its own transformation into a fully electric brand. The shares in Polestar will be distributed to Volvo's own shareholders, the biggest of which is Zhejiang Geely which owns 79.5% of the company. The move...
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