Polestar has secured a significant equity investment of $200 million from PSD Investment Limited, a company effectively controlled by Li Shufu. Upon the successful completion of this transaction, Li Shufu will acquire a controlling 66% stake in Polestar, while Volvo's shareholding will be reduced to 16%. Polestar, a Swedish brand specializing in electric performance cars, currently offers three models and has ambitious plans to introduce new additions to its lineup, including the Polestar 5, 6, and 7. In the first quarter of 2025, Polestar reported robust retail sales of 12,304 units, marking a year-on-year growth of 76.4%. Revenue also surged by 84.2%, accompanied by a reduction in net losses. Despite this promising quarterly performance, the full-year sales figures for 2024 revealed a decline, with retail sales totaling 44,851 units, a drop of 15% compared to the previous year.