Who's behind the badge
Polestar
Controlled by Geely: about 66% is held by companies of Li Shufu, founder of Geely, and about 16% by Volvo Cars (June 2025).
Polestar began as a private company that tuned Volvos. Volvo bought it and used the name for its sportiest models, then relaunched Polestar as a separate electric-car brand tied to Geely, which also owns most of Volvo.
In 2024 Volvo cut its stake from 48% to 18% by handing Polestar shares to its own shareholders. In June 2025 an investment company of Li Shufu, founder of Geely, put in another $200 million, taking Geely-side control to about 66%, while Volvo's share fell to about 16%.
Timeline
- 2024 Volvo Cars cuts its Polestar stake from 48% to 18% (announced February).
- 2025 Li Shufu, founder of Geely, invests $200 million; Geely-side control about 66%, Volvo about 16% (June).
Same owner
Lotus. See the full who owns whom family tree.
Sources
- electrive: Volvo to reduce its stake in Polestar from 48 to 18 per cent · 23 Feb 2024
- electrive: Geely founder invests $200 million in Polestar · 17 Jun 2025
Checked 9 Nov 2026. Ownership changes: if something here is out of date, tell us.
