The potential change in Polestar's ownership structure is being evaluated by Volvo Cars which could result in a redistribution of shares to its shareholders, with Geely Sweden Holding as the primary recipient.
Geely Automobile Holding Ltd (OTC: GELYY) (OTC: GELYF), a Chinese automaker, has reportedly indicated that its electric vehicle (EV) sales could be affected due to ongoing hostilities in the Red Sea, where Yemeni
Zeekr, Chinese automaker Geely's (OTC: GELYF) premium electric vehicle brand, has reportedly introduced its own lithium iron phosphate batteries, capable of rapid charging.
The partnership will focus on different facets of battery technology, including standards for battery swapping, network expansion, swappable model development, and battery asset management.