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Local Chinese media also reported that the company aims to downscale its Chinese operations and relocate production to South Korea, Europe or the US.The 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Swedish-Chinese electric carmaker Polestar has secured a new loan of up to $450 million (\u20ac420 million) as it grapples with ongoing financial pressures and strives to turn a profit by 2026. Local Chinese media also reported that the company aims to downscale its Chinese operations and relocate production to South Korea, Europe or the US.The struggling EV brand also renewed a $500 million (\u20ac480 million) Green Trade Finance Facility (TFF), a financial instrument designed to support its working capital requirements.\u00a0The TFF, initially launched in 2022 with banking giants Citi, Nordea, and ING, aims to strengthen the company\u2019s financial position.\u00a0This content…<\/p>\n","category_list_v2":"China<\/a>, Industry<\/a>, Market<\/a>, Top Stories Today<\/a>","author_info_v2":{"name":"Piet Andries","url":"https:\/\/newmobility.news\/en\/author\/piet-andriesgmail-com\/"},"comments_num_v2":"0 comments","yoast_head":"\nPolestar secures \u20ac420 million and investigates relocating production - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2025\/03\/04\/polestar-secures-e420-million-and-investigates-relocating-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polestar secures \u20ac420 million and investigates relocating production - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"Swedish-Chinese electric carmaker Polestar has secured a new loan of up to $450 million (\u20ac420 million) as it grapples with ongoing financial pressures and strives to turn a profit by 2026. 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