Polestar Secures $200 Million Investment for Expansion Efforts

Reuters06-16

Polestar Secures $200 Million Investment for Expansion Efforts

Polestar Automotive Holding UK plc has announced a significant expansion with a USD 200 million equity investment from PSD Investment Limited, an existing investor. This investment involves the purchase of 190,476,190 newly issued Class A American Depositary Shares at a price of $1.05 per share. PSD Investment, controlled by Eric Li, Founder and Chairman of Geely Holding Group, plans to convert 20,000,000 of its Class B ADS shares into Class A ADS shares to maintain its voting power below 50%. The proceeds from this investment will be utilized by Polestar for working capital and general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polestar Automotive Holding UK plc published the original content used to generate this news brief via Business Wire (Ref. ID: 20250616357795) on June 16, 2025, and is solely responsible for the information contained therein.

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