Polestar will embark on a £14.6 billion public listing as part of a strategy to fund “significant investment in products and the expansion of operations and markets”, it has revealed.

The Geely-owned performance electric vehicle (EV) manufacturer, which is currently driving sales with just two car models in 14 markets, already counts Volvo Car Group, affiliates of Geely chairman Eric Li and movie star Leonardo DiCaprio amongst its stakeholders.

Its listing will be facilitated by a definitive business combination agreement Gores Guggenheim, however, a special purpose acquisition company formed by affiliates of The Gores Group and Guggenheim Capital, LLC.

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Spotlight on the customer

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What consumers really want - trends and habits dealers must understand to provide the right buying experience

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