Polestar has been denied authorization to sell new models in the U.S. under a federal rule restricting cars with Chinese-linked connected-vehicle technology, beginning with the 2027 model year. The decision shocked Polestar drivers and dealers, raising concerns about resale values and the future viability of the brand's service network. Polestar, majority-owned by China's Geely Holding, said it will continue to sell pre-2027 models and provide access to its service network, but dealers like Matthew Haiken in New Jersey worry about sustaining their business with only service and used-car sales. Some owners fear software updates may lag behind other markets, though Polestar says support will continue according to product plans. Analysts note that Volvo's existing U.S. network may blunt some negative effects, but owners like Bill Baird remain wary of long-term support if Polestar dealers go out of business.
Geely Automobile Holdings LtdPolestar, majority-owned by Geely, denied authorization to sell new models in US due to Chinese-linked connected-vehicle rule.
AB Volvo (publ)Volvo's existing US network may blunt some negative effects for Polestar, but no direct impact on Volvo itself.
