Polestar receives $274M debt-to-equity conversion from Volvo Cars

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Go back to Polestar receives $274M debt-to-equity conversion from Volvo Cars

Polestar announces updates to its capital structure and intention to consolidate Polestar 3 manufacturing

March 31, 2026 2:56 AM EDT

Initial approximate USD 274 million debt-to-equity conversion and extension of shareholder loan from Volvo Cars, with a further conversion of approximately USD 65 million expected later in the second quarter Intention to consolidate manufacturing of Polestar 3 in Charleston, South Carolina, USA to drive efficiencies

GOTHENBURG, Sweden--(BUSINESS WIRE)-- Polestar (Nasdaq: PSNY) announces that Volvo Cars has agreed to convert approximately USD 274 million of its outstanding shareholder loan into Polestars equity.

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