Overview
- Polestar said Volvo Cars will convert about $274 million of a shareholder loan into equity at a price set at 95% of the 30‑day average share price through March 27, 2026.
- An additional Volvo conversion of roughly $65 million is expected in the second quarter, which Polestar says would keep Volvo’s stake near 19.9%, subject to approvals.
- Polestar extended the maturity of its remaining shareholder loan of about $661 million to December 2031, easing near‑term repayment pressure.
- Polestar and Volvo intend to consolidate future Polestar 3 manufacturing in Charleston, South Carolina to cut complexity and costs by running one production line for the model.
- Automotive World reported, citing Reuters, that Chinese production of the Polestar 3 would end as part of the shift, and Polestar noted a separate ~$300 million Geely debt‑to‑equity swap announced in December 2025 remains pending.