Yes and no. There was a Swedish, Volvo backed, racing team called Polestar Racing that had a company called Polestar Performance that made custom tuned Volvos a

Yes and no. There was a Swedish, Volvo backed, racing team called Polestar Racing that had a company called Polestar Performance that made custom tuned Volvos and worked closely with Volvo on some concept and special edition cars that Volvo sold as "Polestar Engineered". They were however never owned by Volvo, pre Geely, never a car company, and had nothing to do with electric vehicles before Geely/Volvo bought them. Several years after Geely bought Volvo, Geely/Volvo bought Polestar Performance and the Polestar brand and decided to make them an EV brand for cars built on the new Geely platform and spun them off as a separate company. So yes, they're technically a Swedish brand originally and technically they're spun off from Volvo. And, yes the Polestar company headquarters is in Sweden. But the Swedish Polestar company never actually made cars, they only became part of Volvo long after Volvo was part of Geely, and was almost certainly Geely's decision to spin them off as a separate EV company. The original, 'real', Polestar still exists as Cyan Racing.