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, including the Polestar brand name.
- 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
7 marques
Geely buys companies and keeps their names, rather than inventing badges.
Germany 1
smart
the United Kingdom 1
London Electric Vehicle Company