After Polestar's 2019 inception into the United States auto space, one thing was certain: it was serious about its EVs. After a little over two years into the American market, Polestar now not only operates over 20 U.S.-based retail locations, but has also sold 29,000 vehicles globally in 2021 alone, an 185% increase over 2021. However, while Polestar's presence has proliferated immensely in a relatively short period, it hasn't been a simple undertaking.
Polestar's history is quite unique when compared to most other automotive OEMs. Polestar's nameplate was originally used by a racing team that worked on Volvos dating back to the 90s. But when Volvo saw Polestar's potential, Volvo bought it out to use as its own performance division. Several years prior, Geely had acquired Volvo, so both companies own around a 50% stake in Polestar.
