GoresGuggenheim stock is a SPAC taking Polestar public. Polestar is a Volvo-backed EV manufacturer that has already launched in Europe, $GGPI stock is a retail favorite and subject to some wild swings by ivanbrian9 stocks trading
. Morgan Stanley recently estimated the price of nickel would add $2,000 to the price of electric vehicles. Tesla has announced multiple price hikes this year, and Rivian has to row back on price hikes when furious customers responded in kind. Ther is n plain sailing for the EV space despite the surging gas prices at the pumps.
GGPI stock has some notable advantages over other start-up EV manufacturers. Chief among them is that it will piggyback on Volvo's existing manufacturing capabilities. Polestar will use Volvo's existing manufacturing plant in South Carolina to build the Polestar 3 for the US market. This is a huge issue. Building manufacturing capacity is massively time-consuming and capital intensive. It is the biggest issue facing start-up EV makers and so is a massive barrier to entry.
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