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 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.