Companies
Thursday, 6/25, 03:42 PM
U.S. Bars Polestar From Selling Its New EVs Over China-Linked Tech Rule
- The Commerce Department denied Polestar the authorization it needs to sell its newest electric vehicles in the United States under the 'connected vehicle' rule, which bars cars containing Chinese-linked software or hardware.
- Polestar — majority-owned by China's Geely — said it will sell off existing stock and pivot to Europe.
- Sister brand Volvo was cleared in May.