Polestar secures new multi-billion loan

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Polestar secures new multi-billion loan
Photo: Björn Larsson Rosvall/TT

The Gothenburg-based electric car manufacturer Polestar has secured a new one-year credit agreement that allows for borrowing up to 450 million dollars (approximately 4.8 billion kronor), the company writes in a press release.

The agreement follows a similar one-year agreement that opens up for loans of 800 million dollars, which the company entered into in December.

Polestar further writes that the company has extended a green one-year loan of 480 million dollars.

The company's report on global sales for the first quarter of the year is to be published on April 10, according to the press release, and the goal is to also present the annual report for 2024 by the end of April at the latest.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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