Delphi legal advisor to Polestar in connection with business combination with the SPAC company Gores Guggenheim, Inc.
Delphi has acted as local counsel to Polestar in the business combination with the special purpose acquisition company (SPAC) Gores Guggenheim, Inc. Upon closing of the business combination, the combined company is expected to be listed on the Nasdaq stock exchange in New York.
Polestar was established as a new, standalone Swedish premium electric vehicle manufacturer in 2017. Founded by Volvo Cars and Geely Holding, Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result.
The company is headquartered in Gothenburg, Sweden, and its vehicles are currently available and on the road in 14 global markets across Europe, North America and China. In 2021, Polestar is expanding into eight additional new markets in Europe, the middle East and Asia Pacific. Polestar cars are currently manufactured in two facilities in China, with additional future manufacturing planned in the USA.