A New EV Company Arrives This Week. It’s Worth More Than Rivian.

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Updated June 22, 2022 9:07 am ET / Original June 22, 2022 2:30 am ET

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Polestar, the electric vehicle maker being spun out of Volvo Car, should begin trading on Friday with a huge enterprise value.

Polestar agreed to merge with a special purpose acquisition company, or SPAC, Gores Guggenheim (GGPI) back in September 2021. Now the merger process is nearly wrapped up. The deadline for shareholders to vote on the merger is Thursday and, if all goes as expected, Polestar will be trading on Friday.


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