@[email protected] to Electric [email protected]English • 7 months agoVolvo to sell majority of Polestar (PSNY) stake, cuts funding for next growth stageelectrek.comessage-square4fedilinkarrow-up147
arrow-up147external-linkVolvo to sell majority of Polestar (PSNY) stake, cuts funding for next growth stageelectrek.co@[email protected] to Electric [email protected]English • 7 months agomessage-square4fedilink
minus-square@MrPibblink28•edit-27 months agoWhile Volvo is selling its majority stake in Polestar, Geely (the company that owns 82% of Volvo) is buying Volvos stake in Polestar. I forgot to mention before buying Volvos stake Geely already owns 49.5% of Polestar.
minus-square@[email protected]linkfedilink4•7 months agoSo Geely are effectively selling polestar to themselves? 🤔😂
minus-squareandyburkelinkfedilink1•7 months agoEVs bad, EVs failing is the latest clickbait cycle. It’s so dumb and boring.
While Volvo is selling its majority stake in Polestar, Geely (the company that owns 82% of Volvo) is buying Volvos stake in Polestar. I forgot to mention before buying Volvos stake Geely already owns 49.5% of Polestar.
So Geely are effectively selling polestar to themselves? 🤔😂
EVs bad, EVs failing is the latest clickbait cycle. It’s so dumb and boring.