EV company Polestar may go public through merger with Gore Guggenheim SPAC

Polestar is nearing a deal to go public through a merger with a special-purpose acquisition company that would value the Swedish electric-vehicle maker at $20 billion including debt, according to people familiar with the matter.

Polestar, owned by Chinese car maker Zhejiang Geely Holding Group Co., is in advanced talks with Gores Guggenheim Inc. GGPI, +0.30% and could reach a deal this week, the people said, assuming talks don’t fall apart. Polestar focuses on high-performance electric cars, positioning itself as a rival to Tesla Inc. TSLA, +2.75% and Lucid Group Inc. LCID, +0.04%.7 old-school interior design trends that ‘grandmillennials’ are revitalizing.

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