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 until the summer of 2024. It will have four different models on offer by 2025 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 competitive environment (Chinese manufacturers, Tesla lowering its prices regularly) forced the EV manufacturer to react. Meanwhile, Geely's sister Volvo Cars, wi
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