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Polestar Blocked by New U.S. Auto Rules
A new U.S. government rule is reshaping the auto industry by targeting software and ownership ties, not just manufacturing locations. Cars linked to China or Russia won’t be sold in the U.S. starting 2027, leading Polestar to halt new sales despite building cars in South Carolina. The move, driven by national security concerns over vehicle data, sent Polestar’s stock plummeting and left current owners wondering about long-term value. Meanwhile, Volvo — also owned by Chinese parent Geely — was cleared, highlighting the rule’s focus on corporate structure and digital connections. Automakers…
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