obtains USD 1.6bn financing support from major shareholders
Summary
This loan amount is on par with the direct and indirect financial and liquidity support that Polestars other major shareholder, , is providing.We welcome the continued support from our major shareholders at a time when the capital markets are volatile and unpredictable. (together with its subsidiaries, Volvo Cars) and (Geely), in 2017, Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result.Polestar is headquartered in , and its vehicles are currently available and on the road in markets across , , and . The hard-top convertible presents an evolution of the unique design language first shown by Precept and emphasises a dynamic driving experience. In some cases, you can identify forward-looking statements by terminology such as may, should, expect, intend, will, estimate, anticipate, believe, predict, potential, forecast, plan, seek, future, propose or continue, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case may be, are inherently uncertain.