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Volvo to drop its stake in Polestar with Geely taking over funding

ArenaEV
Shortly after launching its latest model, the Polestar 4, the EV manufacturer faces trouble. The former performance arm of Volvo, and now a separate company, still relies on funding, which until now was flowing from Volvo. As the EV sales seem to slow down for some manufacturers, Volvo is looking to cut down its expenses and wants to shed its… Read more…

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