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Polestar exits U.S. market after Connected Vehicle Rule blocks 2027 models

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Polestar is ending new vehicle sales in the U.S. after being denied authorization under the U.S. Department of Commerce’s Connected Vehicle Rule, which restricts sales of connected vehicles linked to companies controlled by China or Russia. Despite being headquartered in Sweden, Polestar’s Chinese ownership by Geely prevented approval, unlike Volvo, also owned by Geely, which was authorized. Local production of the Polestar 3 in South Carolina and Polestar 4 in South Korea did not secure an exemption. Polestar will shift its growth strategy toward Europe, Canada, and other international market

🔎 Why it matters: The Connected Vehicle Rule blocks Polestar’s 2027 models in the U.S. due to Geely ownership, impacting the brand’s global and regional strategy.
📈 Upside: Polestar focuses growth on Europe and Canada, where it already has most sales.
📉 Risk: Losing U.S. market access limits expansion in one of the largest global EV markets.
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