Here’s What the Polestar and Volvo Breakup Means for Consumers
It's been almost a month since the initial breakup between Polestar and Volvo went down, but now the gritty details need to be hashed out. In this case, instead of returning cherished clothing items, Volvo is divvying up its financial stake in Polestar to the tune of millions of dollars. Specifically, executives at Volvo have proposed an amicable division of assets, shedding 62.7% of its holdings in Polestar to the company's shareholders. The ending result of this proposed transition would be a remaining 18% stake in Polestar until 2028, which Volvo says will be enough of a stake to continue exerting some influence over Polestar. Integral to this situation is the parental presence of Geely Holding, a Chinese company with deep investments in the electric-vehicle realm. Acquiring Volvo in 2015, Geely has continued to develop its EV portfolio with
