Volvo Cars announces its intent to support the future growth of Polestar
Volvo Cars has signed a Declaration of Intent stating its intention to subscribe for potential future equity or equity linked securities issued by Polestar, in proportion to its ownership stake to support the growth and development of Polestar. Volvo Cars is the largest shareholder in Polestar, currently holding 49.5% of the shares. Volvo Cars’ investment in Polestar is long‐term and strategically important. Volvo Cars strives to act as responsible shareholder and business partner to Polestar. Polestar is following an extensive growth plan and continues to deliver on its ambitious