this post was submitted on 09 Sep 2025
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[โ€“] Chrobin@discuss.tchncs.de 4 points 3 days ago (2 children)

Isn't Polestar a joint venture with a Chinese company?

[โ€“] birdwing@lemmy.blahaj.zone 6 points 3 days ago (1 children)

44% owned by PSD Investment from the Chinese Li Shufu, and 22% by Geely Holding, again owned by Li Shufu. The other 16% is Volvo and 18% by public shareholders.

So yes, you're right. It's dominated by China, but it's indeed a joint venture.

[โ€“] Aqarius@lemmy.world 1 points 3 days ago

Except the 16% that is Volvo is actually Volvo Cars, which is also 80% Geely.

[โ€“] lime@feddit.nu 2 points 3 days ago* (last edited 3 days ago)

the 2 was designed and built in sweden. the models after were designed in sweden, built in china.