Latest News About Who Makes Polestar Cars

Here’s the latest on who makes Polestar cars.

Short answer

• Polestar is an electric vehicle brand owned and operated with strong ties to Geely and Volvo Cars. In practice, Polestar does not own its own manufacturing plants; it produces cars in facilities controlled by Volvo Cars and Geely in multiple countries, with production increasingly localized in the United States (Polestar 3 in South Carolina) and other sites in China, Europe, and Korea. The ownership and funding structure has evolved recently, with Geely and Li Shufu’s investment arms gaining a larger stake and Volvo reducing direct funding while continuing technical and manufacturing collaboration.[2][3][5]

Key background and implications

• Origins and control: Polestar began as a Volvo performance tuning unit and was established as a standalone electric performance brand. It is principally owned by Li Shufu’s PSD Investment, Geely Holding, and Volvo Cars, with production partnerships using facilities controlled by Volvo and Geely rather than a Polestar-owned factory.[2]
• Ownership shifts (2024–2025): Volvo announced it would stop funding Polestar but would maintain collaboration, transferring broader financial and operational support to Polestar from Geely. In mid-2024, Volvo proposed restructuring its stake in Polestar, potentially distributing a majority stake to Geely/PSD interests, which would reduce Volvo’s direct ownership while increasing Li Shufu/Geely influence.[3]
• U.S. production and global footprint: The Polestar 3 is produced at a Volvo-owned plant in Ridgeville, South Carolina, illustrating the “asset-light” model where Polestar relies on contract manufacturing and shared facilities rather than owning dedicated plants. Polestar also assembles or sources from plants in China and Europe depending on model and market.[1][3][2]
• Current news and status: Polestar maintains active news updates about new models, production shifts, and strategic partnerships via its global and US news pages. Recent reports emphasize continued collaboration with Volvo/Geely, ongoing expansion of its EV lineup, and capital movements among Geely, PSD Investment, and Volvo Cars.[5][6]

What this means for buyers and observers

• If you’re evaluating Polestar’s cars, expect a global, partner-led manufacturing approach rather than independent ownership of all plants. Polestar’s vehicles are designed and developed with Volvo/Geely platforms and software, then manufactured at partner facilities to scale production and share resources.[2]
• The brand’s ownership landscape is dynamic, with Geely and Li Shufu playing a larger role in funding and ownership while Volvo’s direct stake diminishes over time, affecting corporate governance and potentially future model strategy.[3]

Illustration

• The Polestar model lineup and production strategy can be summarized as: design and engineering under Polestar, with production occurring at Volvo/Geely-controlled facilities (including a U.S. plant for certain models) and strategic funding/ownership shifts among Geely, PSD Investment, Li Shufu, and Volvo Cars.[1][3][2]

Citations

• Polestar ownership and manufacturing relationships: Polestar overview and ownership mix.[2]
• Volvo and Geely funding changes and stake adjustments affecting Polestar: Volvo funding changes and related coverage.[3]
• Current production sites including U.S. assembly: Polestar 3 production in South Carolina and global manufacturing approach.[1][3]
• Polestar news pages for ongoing updates: Polestar News pages.[6][5]

If you’d like, I can pull the very latest article headlines or summarize model-by-model production details with dates.