The listing of the fast-growing Polestar electric vehicle (EV) brand on the New York Stock Exchange has been described as "an incredibly proud moment" by the OEM's chief executive Thomas Ingenlath.

Polestar is expected to raise in the region of £700 million to fund further global growth with its listing today (June 24). 

And its largest shareholder, Volvo Cars, has welcomed the news that the Nasdaq’s famous bell will toll on June 28 to signal the start of shares trading next week following the completion of its business combination with Gores Guggenheim, a special purpose acquisition company.

Polestar chief executive Thomas Ingenlath said: “Listing on the Nasdaq is an incredibly proud moment for Polestar. We set out to create an outstanding new EV brand with the mission to accelerate the shift towards sustainable mobility.

“With 55,000 cars on the road today and global recognition as made evident by over 100 awards, we have built a strong foundation for future growth.