Polestar Performance AB is nearing a deal to GoPublic through a merger with a special-purpose acquisition company that would value the Swedish electric-vehicle maker at $20 billion including debt, according to people familiar with the matter. Polestar, owned by Chinese car maker Zhejiang Geely Holding Group Co., is in advanced talks with Gores Guggenheim, Inc. (NasdaqCM:GGPI) and could reach a deal this week, the people said, assuming talks don't fall apart. Polestar focuses on high-performance electric cars, positioning itself as a rival to Tesla Inc. and Lucid Group Inc.
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Apr. 30 | EV maker Polestar to delay fourth-quarter results for a second time | RE |
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