PSNY Stock Alert: Polestar Makes Moves With Its Joint Venture

Polestar (NASDAQ:PSNY) stock is on the rise Thursday after the electric vehicle (EV) company announced progress on its joint venture with Hubei Xingji Meizu.Polestar notes that this joint venture, which it owns 49% of, is dedicated to brings EVs to the Chinese market. The latest news is the joint venture signing a subscription agreement with an investor.This has the Nanjing Jiangning Economic and Technological Development Zone Industrial Equity Investment Partnership agreeing to purchase $208.4 million wort ...