Polestar Pulls Out of US Market | Tech News

Polestar is exiting the U.S. market starting with the 2027 model year after the Commerce Department blocked its sales, citing national security risks from Chinese-made connected-car tech. Owned mostly by Geely of China, the brand says it’s pivoting focus to Europe where most sales occur. Dealers, who invested millions, are blindsided and frustrated as customers and staff face uncertainty. While Polestar will sell existing stock and maintain service, some dealers vow to keep servicing vehicles they’ve already sold. The U.S. rule, set to take effect in 2025, targets foreign tech that could compromise privacy and safety — a move that’s reshaping Polestar’s U.S. strategy and leaving American investors and fans grappling with a sudden, costly exit. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ef18d4623d1aa139