Polestar is owned by China's Geely Group, which builds many different cars on versions of the same platforms worldwide. One common architecture can be found with Zeekr and Volvo as well.

Last year also saw the company lose the financial backing of Volvo. Polestar is still holding on to its hopes that new models will help boost sales. The Polestar 5 — a sedan based on the sharp ...

Incidentally, Volvo is also working on the Polestar 3, a vehicle designed to be a crossover version of the Polestar 2, following a strategy we saw Tesla implement with the Model X. Don't Miss ...