Do Volvo Own Polestar?

Polestar is jointly owned by Volvo and the automaker's Chinese parent company, Geely. It's truly an automaker with dual citizenship, with a headquarters based in Gothenburg and an assembly line in Chengdu.

Is Polestar separate from Volvo?

(CNN) Polestar was once the name of a Swedish racing team that had become part of Volvo. But in 2017, it became a separate company making fully electric luxury cars and it is, more and more, pulling itself away from the famously safety-conscious parent company.

How much of Polestar does Volvo own?

Volvo said it had no further plans to increase its stake in Polestar beyond the 49.5% it now owns.