Volvo loans Polestar $800 million and goes fully electric in Australia by 2026

November 4, 2022

Volvo Cars is going to support Polestar financially and accelerate even more its electrification /Volvo Cars

Volvo Cars will support the growth and development of Polestar by providing financial support in the form of an 18-month term loan, amounting to a total of $ 800 million. The loan includes an option for Volvo Cars to convert to equity on a pro-rata basis in a potential future equity raise by Polestar. Meanwhile,

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