Swedish e-vehicle maker Polestar to go public via $20bn SPAC merger - NewsBreak

Polestar, the Gothenburg-headquartered Swedish e-vehicle manufacturer co-owned by Volvo Cars and China's Geely, has been in an advanced stage talk to go public through merger with an SPAC (Special Purpose Acquisition Company) Gores Guggenheim Inc., which in effect would value the combined entity at more than a $20 billion, a press agency report published late on Sunday had unveiled citing unnamed sources familiar with the subject-matter.