Polestar, the electric car maker backed by Volvo and Geely, has opened the door to going public via a blank cheque vehicle as it seeks more firepower to compete in an increasingly competitive global market.
The group, which tapped Chinese investors for $550m in April, plans to embark on further fundraising as it prepares to manufacture cars in the US for the first time.
The fundraising could come via a traditional initial public offering or through a special purpose acquisition company.
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