Latest News About Who Makes Polestar Cars

Here’s the latest on who makes Polestar cars.

• Polestar is a Swedish electric-vehicle manufacturer principally owned by Geely Holding and Li Shufu (PSD Investment) with Volvo Cars as a key related partner. Geely and Li Shufu hold the controlling interests, while Volvo Cars has a smaller stake; this structure supports Polestar as an independent brand while leveraging manufacturing and tech shared with Volvo and Geely ecosystems. This ownership arrangement has evolved over 2024–2025 as Geely and Li Shufu increased their stake, and Volvo scaled back direct funding while remaining a collaboration partner. [Source: general industry reporting and Polestar announcements][2][3]

• Production and manufacturing: Polestar does not own its own wholly independent factories. It relies on manufacturing capacity controlled by Volvo Cars and Geely in multiple countries, including China, the United States, and South Korea. In practice, Polestar vehicles are produced in facilities operated by Volvo or Geely, aligning with the company’s asset-light approach. Some models are produced in Volvo/Geely plants, and Polestar has established U.S. production for certain models at Volvo’s U.S. facility in South Carolina.[1][2]

• Recent corporate updates: In early 2024, Volvo announced it would stop providing direct funding to Polestar while continuing to collaborate on manufacturing and development; Geely and Li Shufu’s investment subsequently increased Polestar’s ownership and support. By mid-2025, Polestar disclosed additional equity movements increasing Li Shufu’s influence, with Geely and Li Shufu together holding a substantial majority while Volvo’s direct funding role remained limited. These changes underscored Polestar’s move toward greater strategic independence within the Geely/Volvo ecosystem.[3][2]

• What this means for customers: Polestar remains an independent EV brand under the broader Geely/Volvo umbrella, focusing on a growing lineup of electric models such as the Polestar 2, Polestar 3, and other planned vehicles. Production footprints and ownership align with parent-company strategies rather than a single, standalone carmaker ownership.[2][3]

If you’d like, I can pull the most recent press releases from Polestar’s global and US channels and summarize any fresh updates or model-specific manufacturing changes. I can also add a quick timeline of ownership and production changes to make the history easier to follow.