Published on 28 Feb 2024 on Bloomberg via Yahoo Finance
Polestar Borrows $1 Billion to Fund Rollout of Electric Vehicles
(Bloomberg) -- Polestar has raised $950 million in debt financing as the struggling luxury EV maker seeks funding outside of its parent Geely to roll out key new models.
Most Read from Bloomberg
Apple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldFlawed Valuations Threaten $1.7 Trillion Private Credit BoomStocks Decline in Run-Up to Key Inflation Report: Markets WrapMcConnell to Relinquish Leadership Post as GOP Embraces Trump