Volvo Cars and Geely's electric car spinoff is set to secure a Nasdaq Capital Market listing by joining forces with Gores Guggenheim.

Polestar Performance, the Sweden-headquartered electric vehicle (EV) producer spun off by carmakers Volvo Cars and Geely, agreed yesterday to merge with special purpose acquisition company Gores Guggenheim at an expected $20bn valuation. The merged business, Polestar Automotive Holding, will take the place on the Nasdaq Capital Market secured by Gores Guggenheim – formed by affiliates…

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