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this post was submitted on 26 Feb 2024
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[Dormant] Electric Vehicles
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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? ๐ค๐
EVs bad, EVs failing is the latest clickbait cycle. It's so dumb and boring.