US CRUDE oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday (Mar 11). Read more at The Business Times.
Polestar is a Chinese-owned brand and is available in the US. Chinese cars in general aren’t popular in the US, though. When every other major brand has their own EV available in the US, it’s not like the consumer is hurting for choice. Just affordability.
Polestar is Swedish, not Chinese.
Polestar is a subsidiary of Volvo Cars. Volvo Cars was bought by Geely in 2010, a private Holding Group owned by Li Shufu, a chinese billionaire.
Li Shufu is also the chairman of Volvo Cars.
Polestar was founded and headquartered in Sweden, so it is a swedish company but it is owned by Geely/Li Shufu.
Polestar is owned by Volvo, who themselves are owned by Geely, a Chinese company. Polestar also manufactures most of their models in Chengdu, Sichuan, China.
They are headquartered in Sweden in the same sense that TikTok is headquartered in Los Angeles.