Polestar Automotive (PSNY) Secures $1B External Funding, Confirms Guidance
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Polestar secures USD 1 billion external funding; business outlook confirmed
February 28, 2024 9:18 AM ESTUSD 950 million external funding secured Geely Sweden Holdings intends to participate in future financing activities when required Richer product mix: global roll-out of two new SUVs to drive significant volume and profit margin progression expected in second half of the year Efficiency program delivers results
GOTHENBURG, Sweden--(BUSINESS WIRE)-- Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding. The company is making strong progress on its strengthened business plan and... More
