PSNY TSLA Chinese-Owned EV Maker Polestar Won't Appeal U.S. Ban, Leaving Dealers in the Lurch -- WSJ When the federal government decided las

PSNY TSLA Chinese-Owned EV Maker Polestar Won't Appeal U.S. Ban, Leaving Dealers in the Lurch -- WSJ When the federal government decided last month to ban Electric-vehicle maker Polestar from selling future models in the U.S., the majority-Chinese-owned company wasn't completely out of options. Polestar had a path to ask the U.S. Commerce Department to reconsider, or it could have eventually taken the matter to court. Instead, Polestar is taking the exit ramp out of the U.S. -- and American dealers and customers say they are left holding the bag. A spokesman for Polestar confirmed that the brand will not appeal the ban, which was issued over National-security concerns. "We will instead focus our investments on markets where we have a strong brand position and ability to achieve profitable growth, with a strong weighting towards Europe," Polestar spokesman Michael Ofiara said. He added that the company had "significant dialogue" with U.S. authorities and didn't believe an appeal would have succeeded.