Chongqing Chengxing and Zibo Financial led the $550m funding round in Polestar.

Investment companies Chongqing Chengxing and Zibo Financial led the $550m funding round in Polestar, the Swedish electric performance car company. SK, a South Korean global conglomerate, and other investors also participated. “Our new investors have recognized that Polestar offers an alluring combination of established industrial and technological capability alongside superlative growth potential as the global auto industry goes electric,” Thomas Ingenlath, Polestar CEO.