US EditionGiddyup: Polestar picks up $600 million in fresh funding
5 Articles
5 Articles
Geely has quietly entered Poland, but its market entry is hardly a timid one. First, the electric EX5 with an aggressive installment plan and a contract with iTaxi, then the hybrid Starray EM-i, and in the pipeline are potential successors: the large Monjaro SUV, the Coolray city car, and the electric EX2. Add to this the scale of the entire group—owner of Volvo, Polestar, and Lotus, among others—and it's clear that this isn't "another exotic br…
Polestar, the Swedish brand of electric cars of which the Geely Group - owns Volvo and other brands, such as Lynk&Co or Lotus- is the highest shareholder; it has not just taken off since its creation in 2017. On the contrary, in 2025 its situation has worsened and is facing a crisis. But, although its sales in 2025 have increased exponentially and it maintains a wide range of good electric cars, including the Polestar 2, the SUV Polestar 3, the …
Volvo's fully EV future
Volvo has been given a hand-up to total automotive electrification in a big way by its bosses at Geely, the Chinese automotive group that is the parent company of the Swedish luxury marque. Both companies are involved in electric vehicle development, including the flagship large luxury Volvo EX90, which shares some of its technology and the Polestar 3 platform. Geely also produces its own vehicles, such as the Geely Starray Em-1, and sells a ran…
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