Geely-Backed Polestar Forced Out of U.S. by Chinese Auto Tech Ban

Electric vehicle maker Polestar will exit the U.S. market after failing to secure an exemption from a looming ban on Chinese-linked connected car technology.

The brand, majority-owned by China’s Geely Holding Group, announced Thursday it will halt U.S. sales once its current inventory is cleared. The company is canceling the planned U.S. launch of two new models, though it will continue to provide after-sales support for existing owners.