Geely-backed electric vehicle maker Polestar was listed on the Nasdaq in New York under the ticker PSNY on Tuesday through a business merger with Gores Guggenheim, a special purpose acquisition company (SPAC).
Gores Guggenheim, a special purpose acquisition company, and Polestar, a Swedish electric car company, announced Tuesday that they expect to close the merging of their businesses on June 23, subject to the former's stockholder approval.
Polestar, an electric vehicle (EV) brand jointly backed by Geely and Volvo, launched a new concept convertible sports car called the Polestar O2.
Smart vehicle technology company ECARX is considering plans to seek a U.S. public listing via a merger with blank-check company SPAC.
Li Shufu said Geely, Volvo and other car companies are jointly developing an open electric model under the code PMA. “We’ve learned from Google’s Android, and PMA’s pure electric module is open,” Li said.