EV Company Polestar chooses $20 billion SPAC route deal despite fears of waning market
The private equity billionaire announced a deal to take the European electric vehicle startup Polestar public at a $20 billion valuation with SPAC.
Polestar's Percept EV Sedan will be built in Asia
The showcase EV concept car used sustainable material and a new design to decrease its carbon footprint and the factory will follow the design as closely as possible.