Gores Guggenheim announced on Wednesday evening that in a special meeting held earlier in the day, its stockholders voted to approve the proposals required to complete its combination with Polestar Performance AB and its affiliates. On Wednesday, Gores Guggenheim stock ($GGPI) closed at $10.84 soaring 11.87%.
The closing of the business combination is expected to occur tomorrow, June 23, 2022, subject to the satisfaction or waiver of all closing conditions. Following the consummation of the business combination, Polestar’s common stock is expected to begin trading on Nasdaq on June 24, 2022 under the new ticker symbol “PSNY,” Gores Guggenheim stated.
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Earlier today, the company has been granted the U.S. Patent no. 11,364,814, a dual battery system for electric vehicles. The patent was signed by Jongseok Moon, the Battery engineer working with the Swedish EV maker since November 2018 and says, ” (…) with the dual batteries rather than a single battery, an increased battery lifespan for an electric vehicle is supported”.
The patent says that this dual battery system may support “different driving situations, where either the first or the second battery or both may be utilized” but also that that supports “an increased battery lifespan for an electric vehicle”.
On Tuesday, Polestar released the P2.2 version of its software introducing the eagerly awaited Apple CarPlay system among other new features. The arrival of the system to the models of the Swedish manufacturer had been confirmed in late May by its CEO, Thomas Ingenlath.
Alongside the integration of the system, the new version also brings improvements to wireless charging for Apple products, preparation for future video streaming apps, and a better read of the road sign information.
Last week, the company announced that had over 32,000 orders globally for Polestar 2 since the start of 2022, representing a increase of 290% versus the same period in 2021. As the global expansion continues, the swedish electric vehicle maker is now 5 markets away from the plan of being present in 30 countries by end of 2023.