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 $21 billion, 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. and could reach a deal by Monday, the people said, assuming talks don’t fall apart.
