SK Group was among the participants in a round representing the first external funding for Volvo Cars' electric vehicle spinoff.
Polestar, the Sweden-based electric vehicle (EV) developer spun off by automotive manufacturer Volvo Cars, received $550m in funding from investors including conglomerate SK Group yesterday. Chongqing Chengxing Equity Investment Fund Partnership co-led the round with Zibo Financial Holding and Zibo Hightech Industrial Investment, and it included undisclosed other participants. It represents the brand’s first external…
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