Polestar exits joint venture with Hubei Xingji Meizu Group

According to an exchange announcement on April 10, Polestar has officially withdrawn from its joint venture with Hubei Xingji Meizu Group Co., Ltd. The joint venture was responsible for Polestar's sales, customer service and other business operations in China. Although China is the world's largest electric vehicle market, Polestar only sold about 3,120 passenger cars in China in 2024.