Polestar Expands Manufacturing Footprint To South Korea With Production Of Polestar 4 Set To Start In Busan In 2025
Portfolio Pulse from Benzinga Newsdesk
Polestar, the Swedish electric vehicle manufacturer, has announced plans to expand its manufacturing footprint to South Korea. The company will start production of its Polestar 4 model in Busan in 2025. PSNY, the US-listed SPAC that is set to merge with Polestar, is mentioned in the article.
November 09, 2023 | 7:17 pm
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The announcement of Polestar's expansion to South Korea could potentially boost investor confidence in PSNY, the SPAC set to merge with Polestar.
The expansion of Polestar's manufacturing footprint to South Korea indicates the company's growth and ambition, which could potentially attract more investors to PSNY. This could lead to an increase in PSNY's stock price in the short term.
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