The Swedish-Chinese electric car brand Polestar is receiving a loan of up to 600 million US dollars from its majority owner Geely. Half of this amount is immediately available to Polestar, while the second tranche depends on further developments. Polestar reports high losses and is fighting against delisting from the US stock exchange Nasdaq. Read more…
Polestar secures $600 million loan from Geely
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Polestar secures $600 million loan from Geely
The Swedish-Chinese electric car brand Polestar is receiving a loan of up to 600 million US dollars from its majority owner Geely. Half of this amount is immediately available to Polestar, while the second tranche depends on further developments. Polestar reports high losses and is fighting against delisting from the US stock exchange Nasdaq. Read more…
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