Announced
Financials
Sources
Tags
Automobiles
Joint Venture
Majority
Cross Border
Private
China
electric vehicles
Pending
Friendly
Single Bidder
Synopsis
Polestar, a Swedish automotive brand, and Xingji Meizu, a technology company, agreed to form a joint venture. Financial terms were not disclosed. The joint venture is expected to strengthen Polestar’s offer in the Chinese EV market by bringing together Polestar’s capabilities within design and performance with the software and consumer electronics hardware development expertise of Xingji Meizu.
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