polestar

Polestar secures $200M to fuel global EV expansion and rival Tesla’s market grip — TFN

Gothenburg, Sweden-based electric vehicle innovator Polestar (Nasdaq: PSNY) has secured a $200 million equity investment from PSD Investment Limited, a long-time backer and an entity controlled by Eric (Shufu) Li, founder and chairman of Geely Holding Group. The strategic capital injection will be used in Polestar’s growth trajectory as it scales up operations, launches new…

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Nissan plans $7-B funding with UK help

Nissan plans $7-B funding with UK help

TOKYO — Japan’s struggling Nissan is considering raising more than 1 trillion yen ($7 billion) from debt and asset sales, which would include a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday. FUNDRAISING Cars are pictured on display at the headquarters building for Japanese automaker Nissan in Yokohama on May 13,…

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