Polestar is Swedish by birth and Chinese by ownership.
A 200 million dollar capital increase by Geely founder Li Shufu's investment company lifted the shareholding he controls in Polestar to 66 percent, split between that company and a Swedish Geely subsidiary.
Where it sits
Two levels. A figure marks a company boundary crossed; a word means the figure was never published.
Polestar
Also part-owned by
A stake that is not control, so it does not decide who owns it.
Volvo Cars
19.9%
30 years, two owners
The year is coloured by whoever held it at the time.
- 1996 Polestar began as the Swedish racing operation that worked with Volvo Cars in motorsport from 1996.
- 2015 Volvo Cars bought 100 percent of the Polestar performance business, Polestar Performance AB and the trademark owner Polestar Holding AB, from Christian Dahl, who kept the racing team as Cyan Racing.
- 2017 Volvo Cars and Zhejiang Geely Holding set Polestar up as a separate electric performance car company.
- 2022 Polestar completed its merger with the shell company Gores Guggenheim and began trading on Nasdaq under the ticker PSNY on 24 June 2022.
- 2024 Volvo Cars handed 62.7 percent of its Polestar shares to its own shareholders, cutting its holding to 18 percent and leaving Geely-controlled investors as the largest owners.
- 2025 A 200 million dollar capital increase by Geely founder Li Shufu's investment company lifted the shareholding he controls in Polestar to 66 percent, split between that company and a Swedish Geely subsidiary.
Geely Holding
9 marques
Geely buys companies and keeps their names, rather than inventing badges.
Germany 1
smart
the United Kingdom 1
London Electric Vehicle Company