The funding will help the company expand its lineup.

The funding will help the company expand its lineup.

October 30, 2020 0 By autotimesnews

According to Reuters, Polestar intends to expand its production and model range by attracting third-party investments. The manufacturer is currently in talks for a sum of $ 900 million, and according to Bloomberg, we are talking about an amount of $ 500 million.

At the same time, Automotive News reports that Polestar refuses to comment on market speculations. According to experts, the injection of money into the production of the Chinese-Swedish company is necessary against the background of the expansion of production by other companies specializing in the production of environmentally friendly cars.

According to unconfirmed reports, Volvo is seeking to increase the market value of Polestar to $ 6 billion. The company can reach this amount only on condition of external investment. It should also help bring the Percept to the market, which was shown at the Beijing Auto Show in September this year.

We will remind, earlier AutoTimesNews wrote that the Polestar company announced the recall of 4,600 Polestar 2 electric cars associated with faulty inverters. Shortly before this, the company recalled another 3,200 of the same machines due to the high-voltage heater.