Volvo Cars And Geely Invest EUR 640M To Develop Polestar Brand

Volvo Cars and its owner Geely Holding today announced they will jointly invest EUR 640 million (USD 753 million) to support the initial phase of Polestar’s product, brand and industrial development. The investment highlights the financial muscle and industrial and manufacturing expertise Polestar will have access to, and establishes the fully consolidated Volvo Cars subsidiary […]