Stock in the newly listed EV brand Polestar rose 5% in the first half hour of trading on the US Nasdaq index on Friday, giving the company hope of success in a very rocky market for start-up EV firms.
The car company, controlled by Volvo Cars and Volvo-owner Geely Holding, raised approximately $890 million after merging with special purpose acquisition company (SPAC) Gores Guggenheim, which had already been listed on the stock market in advance.
