GGPI rose nearly 14% in premarket trading as it signed a merger and listing agreement with electric vehicle manufacturer Polar Star.
On November 12th, GGPI submitted its quarterly report to SEC. At the end of September, GGPI signed a merger and listing agreement with electric vehicle manufacturer Polar Star, with a valuation of about 20 billion US dollars. Polar Star is a high-end electric vehicle brand jointly built by Geely and Volvo. Its production bases are located in Chengdu and Taizhou. At present, Polestar 1 and Polestar 2 have been launched.