EV Maker Polestar Hopes to Gain From Biden Tax Credit

A Chinese-owned automaker is on the hunt for a special tax credit and its numbers may get a boost from the Biden administration. Polestar, the Swedish carmaker launched in 1996 and was established by Volvo and its Chinese parent, Geely. It makes all its cars in China. But the company is looking to gain ground in the U.S. market.