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Polestar Faces a Ban on Selling Its EVs in the US
Key takeaways
- The crux of the issue is Polestar's ownership by Volvo and Volvo's own parent company, China-based Geely.
- It said in the release that it will continue to sell existing stock of its Polestar 3 and Polestar 4 vehicles in the US and to support customers through its service network.
- A representative for Polestar told CNET in an email that, because of the Commerce Department's decision, the company has no plans to sell new cars in the US from model year 2027 onward, including the planned Polestar 7.
Automaker Polestar will not be allowed to sell its 2027 models and beyond in the US after the US Department of Commerce's Bureau of Industry and Security banned those sales over concerns about Chinese-made connected technology. And the company has no plans to return.
The crux of the issue is Polestar's ownership by Volvo and Volvo's own parent company, China-based Geely.
The Swedish manufacturer of electric vehicles, which became a distinct brand in 2017, revealed the ban in an SEC filing, which it paired with a press release this week announcing that it's shifting manufacturing to Europe.
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