Polestar Secures New Financial Facilities to Bolster Growth

Polestar Automotive Holding UK PLC Sponsored ADR Class C ( (PSNYW) ) has provided an announcement.

On February 28, 2025, Polestar Automotive Holding UK PLC announced securing a 12-month term facility of up to USD 450 million and the renewal of a EUR 480 million Green Trade Finance Facility. These financial moves are expected to support Polestar’s working capital and operational needs as it continues to expand its market presence and production capabilities. The announcement highlights Polestar’s strategic financial planning and its commitment to sustainable growth, potentially reinforcing its position in the competitive electric vehicle market.

More about Polestar Automotive Holding UK PLC Sponsored ADR Class C

Polestar Automotive Holding UK PLC is a Swedish electric performance car brand focused on innovative design and sustainability. Headquartered in Gothenburg, Sweden, Polestar operates in 27 markets across North America, Europe, and Asia Pacific. The company currently offers three models: Polestar 2, Polestar 3, and Polestar 4, with plans to introduce additional models such as the Polestar 5, 6, and 7. Polestar is committed to sustainability, aiming to halve greenhouse gas emissions per vehicle by 2030 and achieve climate neutrality across its value chain by 2040.

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