Gores Guggenheim Inc GGPI shares are trading higher Monday after Polestar announced an agreement with Hertz Global Holdings Inc HTZ. Polestar is expected to go public via SPAC merger with Gores Guggenheim in the second quarter.
The newly announced global partnership will allow Hertz to purchase up to 65,000 Polestar electric vehicles over a five-year period. The company will initially order the Polestar 2 model.
For Hertz, the partnership is part of the company's ongoing commitment to lead in electrification, shared mobility and a digital-first customer experience.
See Also: Why Red Cat Holdings Stock Is Taking Off Today
GGPI 52-Week Range: $9.70 - $16.41
The stock was up 4.44% at $11.97 at time of publication.
Photo: courtesy of Hertz.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
