Polestar is nearing a deal to go public through a merger with a special-purpose acquisition company that would value the Swedish electric-vehicle maker at $ 20 billion including debt, according to people familiar with the matter.
Polestar, owned by Chinese car maker Zhejiang Geely Holding Group Co., is in advanced talks with Gores Guggenheim Inc. GGPI, +0.30% and could reach a deal this week, the people said, assuming talks don’t fall apart.