article thumbnail

Polestar aims for $20B valuation in planned merger with Gores Guggenheim

Teslarati

Swedish electric car startup Polestar is already backed by countrymate Volvo, but the automaker is now planning to merge with SPAC Gores Guggenheim to list shares on Nasdaq and raise around $1 billion to expand manufacturing lines. is acting as a financial advisor and lead capital markets advisor to Gores Guggenheim.

Gore 101
article thumbnail

Chinese tycoon to launch clean-tech car venture in US

Green Cars News

It will be a case of ’sweet home Alabama’ for Yang Rong, a Chinese automobile tycoon who is preparing to launch a plan to make clean-tech cars in the United States.

Clean 39
article thumbnail

Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

Department of Energy’s Alternative Fuels Data Center , “The Inflation Reduction Act of 2022 ( Public Law 117-169 ) amends the Qualified Plug-in Electric Drive Motor Vehicle Credit ( IRC 30D ), now known as the Clean Vehicle Credit, and adds a new requirement for final assembly in North America that takes effect on August 16, 2022 ” .