Polestar secures $600m loan from majority owner Geely
Polestar secures $600m loan from majority owner Geely
Sweden’s Polestar said on Tuesday it has entered into a loan agreement worth up to $600m with its majority owner, China’s Geely Holding, at a time when the company is grappling with a cash crunch amid a broad slowdown in EV demand.
Sweden’s Polestar said on Tuesday it has entered into a loan agreement worth up to $600m with its majority owner, China’s Geely Holding, at a time when the company is grappling with a cash crunch amid a broad slowdown in EV demand.
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