Polestar lands $1B loan to keep EV plans on track

TechCrunch
By Kirsten KorosecFeb 28, 2024, 12:23 pm350 pts
Polestar secured a $950 million loan from a dozen banks, critical funds needed to keep its EV plans moving forward following Volvo’s decision to pull back its financial support of the electric automaker. Polestar said Wednesday the funds were needed to finance the next stage of its development and covers a…

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