Polestar Automotive Holding UK plc has announced a significant expansion with a USD 200 million equity investment from PSD Investment Limited, an existing investor. This investment involves the purchase of 190,476,190 newly issued Class A American Depositary Shares at a price of $1.05 per share. PSD Investment, controlled by Eric Li, Founder and Chairman of Geely Holding Group, plans to convert 20,000,000 of its Class B ADS shares into Class A ADS shares to maintain its voting power below 50%. The proceeds from this investment will be utilized by Polestar for working capital and general corporate purposes.
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