Reported 29 days ago
Polestar Automotive Holding UK PLC, a Swedish electric vehicle manufacturer, has secured a $200 million investment from PSD Investment Limited, linked to Geely’s founder, to accelerate its growth. The company has shown robust sales growth, reporting an increase of 38% year-over-year in Q2 2025, and is enhancing its manufacturing capabilities through a partnership with Volvo Cars for the upcoming Polestar 7. Despite its promising trajectory, Polestar acknowledges the need to navigate typical EV start-up challenges.
Source: YAHOO