MicroWave@lemmy.world to Electric Vehicles@lemmy.worldEnglish · 7 months agoVolvo to sell majority of Polestar (PSNY) stake, cuts funding for next growth stageelectrek.coexternal-linkmessage-square4fedilinkarrow-up147arrow-down13
arrow-up144arrow-down1external-linkVolvo to sell majority of Polestar (PSNY) stake, cuts funding for next growth stageelectrek.coMicroWave@lemmy.world to Electric Vehicles@lemmy.worldEnglish · 7 months agomessage-square4fedilink
minus-squareMrPibb@lemmynsfw.comlinkfedilinkarrow-up28·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-squareVenator@lemmy.nzlinkfedilinkarrow-up4·7 months agoSo Geely are effectively selling polestar to themselves? 🤔😂
minus-squareandyburke@fedia.iolinkfedilinkarrow-up1·7 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.