|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||56.64 - 59.02|
|52-week range||44.90 - 88.76|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||32.93|
|Forward dividend & yield||0.51 (0.91%)|
|Ex-dividend date||27 May 2021|
|1y target est||N/A|
Volvo-backed Polestar is already way ahead of many hot EV names, and now its growth plan is shifting into high gear.
It was a big day for Polestar in New York City today at the company’s Polestar investor day, where it unveiled a number of new initiatives.
Lotus Technology, a new unit of China's Geely set up to develop the technology to power Lotus sports cars, is planning to raise $400 million to $500 million before the end of this year, its chief financial officer told Reuters. Lotus Technology, part of Group Lotus which is in turn owned jointly by the Chinese automaker and Malaysia's Etika Automotive, intends to kick off the funding round before Christmas, Alexious Lee said in an interview. That will give Lotus Technology a post-money valuation - value of a company after a round of financing from external investors - of $5 billion to $6 billion, Lee added.