US Blocks Polestar EV Sales Over Data Security Concerns, Shifts Focus to Europe

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2026-06-26 01:49:01

BTCCSquare news:

Washington's tightened EV market access has dealt a blow to Polestar, with US officials denying authorization under the new Connected Vehicle Rule. The Chinese-owned automaker, a subsidiary of Geely, faces a 13% stock plunge as its 2027 models are barred from US markets due to data security concerns.

The regulation targets foreign technology with dual prohibitions: a 2027 ban on software controlled by Chinese or Russian firms, followed by a 2030 hardware embargo. Notably, Volvo—another Geely brand sharing production facilities with Polestar—secured a waiver through negotiations with US commerce officials.

Polestar now pivots to European markets, winding down US operations. The selective enforcement highlights growing tech protectionism as geopolitical tensions reshape global supply chains.

By:

Log in to Reply

Hang Ten Systems Secures $32M for AI-Driven Enterprise Software Revolution

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.