Latest News About Who Makes Polestar Cars

Polestar is owned and controlled by a consortium led by Geely (Zhejiang Geely Holding Group) and Volvo Cars, with Li Shufu’s PSD Investment as a key shareholder. In practice, Polestar operates as an independent electric-vehicle brand, but its ownership and equity stakes have shifted over time, notably with Volvo reducing its stake and PSD Investment increasing its influence.[1][2]

Key recent developments

• In 2024–2025, Volvo announced plans to reduce its ownership of Polestar, transferring stock to its shareholders and expanding PSD Investment’s influence, making Li Shufu the largest single holder.[2]
• Polestar has pursued a strategy of leveraging Geely and Volvo manufacturing capabilities while increasing its own brand identity and product lineup, including flagship models and new platforms developed with Geely’s tech stack.[3][2]
• The company has reported growing sales in Europe as part of its “All about Europe” focus, with production and assembly activities spread across facilities in China, the United States, and South Korea as part of an asset-light approach.[9]

What this means for who makes Polestar cars

• Polestar cars are designed and engineered by Polestar, but manufacturing is tied to facilities controlled by Volvo Cars and Geely, including plants in China, the United States, and South Korea. This reflects the brand’s architecture of ownership and production across the Geely/Volvo ecosystem.[7][2]
• The ownership structure has evolved to give Geely and Li Shufu greater influence while maintaining Polestar’s standalone branding and product roadmap, with the brand continuing to punch above its size in the EV space due to European focus and shared platforms.[2][9]

If you’d like, I can pull up the latest official Polestar statements or summarize current production locations by model. Would you prefer a concise list of where each current Polestar model is produced and the parent-company ownership details updated to today?[7][9]