Official Meizu M3 Note Stock Rom
Germana Layng
Polestar notes that this joint venture, which it owns 49% of, is dedicated to bringing EVs to the Chinese market. The latest news is the joint venture signing a subscription agreement with an investor.
Investors will note that Polestar also announced new financing yesterday in the form of $950 million in loans. These were secured from 12 banks and gives the company enough cash to continue operations until it may turn a profit.
With all of this news comes heavy trading of PSNY stock today. That has more than 5 million shares changing hands. For the record, its daily average trading volume is below that at 3.3 million shares.
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.