Polestar cuts 15% of personnel, Volvo stops funding (update)

Tony Verhelle

February 1, 2024

In a very competitive EV segment Polestar still depended on the Polestar 2 solely. It had to adapt its expectations. It will have four different models on offer in the next years and hopes this will increase sales again /Polestar

Worldwide, the Chinese Geely daughter Polestar will cut 450 jobs or 15% of its current workforce. Lower demand for its cars and a very compe
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