FILE PHOTO: Visitors check a Polestar 1 hybrid vehicle displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song
SHANGHAI (Reuters) - Swedish electric vehicle (EV) brand Polestar, which is controlled by China's Geely, is in early talks about a new round of fund raising, its chief executive Thomas Ingenlath told Reuters on Monday.
Ingenlath was speaking at the Shanghai auto show. Polestar, which is making vehicles in China's eastern city of Taizhou, raised $550 million from investors last week.
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