On April 15th, Polestar announced that it had secured a $550 million financing, with long-term financial investors as its investors. This is the first time that Polestar has targeted external investors to issue new shares.
This round of investors mainly includes Chongqing Chengxing Equity Investment Fund Limited Partnership, Zibo Financial Holdings Co., Ltd, Zibo Hi-Tech Industrial Investment Co., Ltd., I Cube Capital Fund under South Korea’s SK Group, and other domestic and foreign investors. The complete financial details of the transaction have not been disclosed.
（Polestar Chengdu production base）
Polestar stated that this round of equity financing laid the foundation for Polestar to accelerate product development and technological innovation. Polestar plans to launch multiple breakthrough electric vehicle products in the next few years.
Source: Polestar
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.