FRANKFURT/STOCKHOLM (Reuters) – Volvo Cars, which is owned by China’s Geely, could in future seek external investors for its Polestar electric car brand and list the unit on the stock market but has no immediate plans to do so, the company said on Thursday.
Germany’s Capital magazine had earlier quoted Volvo CEO Hakan Samuelsson as saying that Polestar could tap financial investors to help stem the costs of developing new electric powertrains as a precursor to listing Polestar one day.
