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Polestar Shares Rise in Electric-Vehicle Maker’s Market Debut

Shares in Polestar Automotive Holding UK PLC jumped 16% on their first day of buying and selling Friday, after the Swedish electric-vehicle maker accomplished a merger with a special-purpose acquisition firm amid plans to develop globally.

Polestar agreed to be acquired by blank-check firm Gores Guggenheim in September. The auto maker is a unit of Volvo Car which in flip is owned by Zhejiang Geely Holding Group Co. of China.

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