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$Polestar Automotive (PSNY.US)$ Polstar just made binding pa...
$Polestar Automotive (PSNY.US)$ Polstar just made binding partnership agreement with Bank of Shanghai China. huge!!!
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b34r : Haha this is weird. If i read the news correctly, Polestar is not raising money, but lending out money? Why is a EV startup company playing banker? Bored with building cars already?
"Polestar, the premium electric vehicle manufacturer owned by Geely and Volvo Cars, announced today that it has signed a strategic cooperation framework agreement with Industrial Bank's Shanghai branch.
Polestar will leverage the Fuzhou, Fujian-based bank's resources in the financial sector to work with the latter in credit financing, retail lending, and international business on a global scale, according to a press release."
70198240 : Polestar is using your money to invest