Volvo's Polestar electric brand to go public through SPAC merger worth $20B

Volvo's Polestar electric brand to go public through SPAC merger worth $20B



Volvo-owned Polestar is going public through a SPAC merger with Gores Guggenheim worth $20 billion, the companies announced Monday. The all-electric brand plans to start building cars in South Carolina in 2022.