Geely-backed EV maker Polestar secures $950m via debt financing

Geely-backed EV maker Polestar secures $950m via debt financing

Image Source: Xingji Meizu Group's official WeChat account.

Swedish luxury electric vehicle (EV) maker Polestar has secured a $950-million three-year syndicated loan facility from 12 international banks, as the firm eyes cashflow breakeven next year, according to a company release on Wednesday. 

Edited by: Joymitra Rai

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