This brand of electric cars made in China will withdraw from the market … Chinese

Half-heyy, half-chinoise, Polestar, a brand specializing in electric cars, would be preparing to withdraw completely from China. With only 69 units sold in the country during the first half of 2025, it seems that the strategy is not optimal.

This probable withdrawal from the Chinese market sounds like an admission of failure for Polestar. Despite its ties within the Middle Empire, the giant Geely’s subsidiary sold only 69 units in six months in the country. A derisory figure compared to its local competitors. The saturation of the Chinese market has probably precipitated this decision.

Polestar leaves China

This situation is still funny for a business whose most models are made in China. But the signs of disengagement have been visible for several months. The co-company Polestar Times Technology, created with Star Meizu to develop connected services, closed its doors last April.

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Even the distribution network collapsed: Polestar only keeps a showroom in Shanghai. In parallel, online sales and tests are suspended. A situation which reflects the financial difficulties of the label initiated by Volvo. At the end of 2024, the company displayed a negative net asset of more than $ 3.3 billion, weighed down by 5 billion losses.

However, if we rely on its objectives, the brand is still aiming for profitability by the end of 2025. But this departure from China leaves doubt about the manufacturer’s future. In a worldwide pressure electric vehicle market, Polestar will have to redouble their efforts to make a place. The cards are most likely in Geely’s hands.