Growing share of higher margin models in sales mix and continuing cost reduction measures start to drive financial and operational performance improvement Gross margin improved by 15ppts to 7% versus Q1 2024 Net loss reduced by 31%; an Adjusted EBITDA loss improvement of 46% year-on-year Over USD 900 million worth of financing... Read More

GOTHENBURG, Sweden / May 09, 2025 / Business Wire / Polestar (Nasdaq: PSNY) expects to publish Q1 2025 select financial results on 12 May 2025, before market open. Management will host a conference call at 14:00 Central European Time (08:00 US Eastern Time) the same day, accessible via the Polestar Investor Relations website.... Read More

GOTHENBURG, Sweden / Apr 30, 2025 / Business Wire / Polestar (Nasdaq: PSNY) today filed a notice with the U.S. Securities and Exchange Commission (SEC) stating it needs additional time to complete work for its 2024 annual report. The annual report for 2024 on Form 20-F is now expected to be filed before or on May 14, 2025.... Read More

GOTHENBURG, Sweden / Apr 15, 2025 / Business Wire / Polestar (NASDAQ: PSNY) has published its fourth Annual Sustainability report, announcing significant GHG reductions, updates on the Polestar 0 project and a continued quest for increased transparency and more sustainable materials. Since the Company started measuring in 2020, Polestar has reduced its carbon footprint per sold car with a quarter (24.7%). The most... Read More

GOTHENBURG, Sweden / Apr 10, 2025 / Business Wire / Polestar (Nasdaq: PSNY) retail sales volumes amounted to an estimated 12,304 cars in Q1 2025, up 76% versus Q1 2024 and were stable versus Q4 2024, against a challenging economic environment. Sales are supported by a growing uptake of newer models and the ongoing transition... Read More

GOTHENBURG, Sweden / Feb 28, 2025 / Business Wire / Polestar (Nasdaq: PSNY) advises that it has secured a 12-month term facility of up to USD 450 million and has renewed the EUR 480 million Green Trade Finance Facility (TFF). In February 2025, the Company secured up to USD 450 million in a 12-month term facility after having secured in December 2024 over USD 800 million in 12-month term facilities. Polestar originally... Read More

Targeting compound annual retail sales volume growth of 30-35% for 2025 to 2027 and positive adjusted EBITDA in 2025 Positive free cash flow after investments expected in 2027 Strong product momentum: Polestar 3 and Polestar 4 represent 56% of order intake in Q4 2024; Polestar 5 launch this year Polestar 7, a premium compact... Read More

Retail sales totalled 12,548 cars in Q3 2024, down 8% versus Q3 2023 Revenue USD 551 million in Q3 2024, down 10% versus Q3 2023 on lower volume and competitive market conditions USD -323 million net loss and USD -180 million adjusted EBITDA; an adjusted EBITDA improvement of 28%, versus Q3 2023, reflecting continuous... Read More

Retail sales totalled 12,256 cars in Q4 2024, up 5.3% versus Q4 2023, driven by a growing model line-up Order intake in Q4 2024 up 37.2% versus Q4 2023, creating strong momentum as we enter 2025 Polestar 3 and Polestar 4 represent 56% of order intake in Q4 2024 GOTHENBURG, Sweden / Jan 09, 2025 / Business Wire / Polestar... Read More

GOTHENBURG, Sweden / Dec 17, 2024 / Business Wire / Polestar (Nasdaq: PSNY) has appointed Jonas Engström to the role of Chief Operating Officer (COO). As COO, Jonas’s main focus will be the delivery of Polestar’s growing car programmes and overseeing the Company’s daily operations. He will also work closely with Michael Lohscheller to translate the Company’s strategy and vision into actionable plans across the whole... Read More

MAHWAH, N.J. / Nov 01, 2024 / Business Wire / Polestar, the Swedish premium electric performance car brand, has delivered its first U.S.-built Polestar 3 SUVs to customers in the North American market. Deliveries of Polestar 3 began around the U.S. and Canada in the past few weeks and now units manufactured in the South... Read More

Polestar Charge offers access to over 850,000 charging points across Europe, including over 20,000 Tesla Superchargers Customers in North America now have access to 17,800 Tesla Superchargers GOTHENBURG, Sweden / Oct 30, 2024 / Business Wire / Polestar (Nasdaq: PSNY) now offers its customers access to 17,800 Tesla... Read More

11,900 cars delivered in Q3 2024 and 32,300 year-to-end September First markets to implement active sales model showing solid order intake Business and strategy update, including select Q3 financial and operational highlights, to take place on 16 January 2025 GOTHENBURG, Sweden / Oct 11, 2024 / Business Wire / Polestar... Read More

GOTHENBURG, Sweden / Sep 17, 2024 / Business Wire / Polestar (Nasdaq: PSNY) has received notice that with the closing bid price of the Company’s American Depositary Shares (“ADSs”) exceeding $1.00 for at least ten consecutive business days, Polestar has regained compliance with Nasdaq’s Listing Rule 5450(a)(1). As previously... Read More

AGM to take place on 7 October 2024 Winfried Vahland to assume role of Chair, following Håkan Samuelsson’s retirement from the Board; investing 100% of net remuneration in Polestar shares Francesca Gamboni proposed to replace Jim Rowan as Volvo Cars representative on Board of Directors Christine Gorjanc and Xiaojie Shen... Read More

GOTHENBURG, Sweden / Sep 03, 2024 / Business Wire / Polestar (Nasdaq: PSNY) continues to prepare itself for the next step in its development by appointing Jean-Francois Mady to the role of Chief Financial Officer (CFO), effective 21 October 2024. Jean-Francois brings 25 years of experience from senior, leading roles in automotive finance and financial services across Europe, China, Asia and India. Most recently he was Senior... Read More

13,150 cars delivered in Q2 2024, up 82% compared to Q1 2024 30% improvement in inventory turnover driving working capital reduction with positive impact on cash flow Secured up to USD 300 million in additional external funding in August GOTHENBURG, Sweden / Aug 29, 2024 / Business Wire / Polestar (Nasdaq: PSNY), reports its... Read More

GOTHENBURG, Sweden / Aug 28, 2024 / Business Wire / Polestar (Nasdaq: PSNY) announces that Michael Lohscheller, a seasoned automotive leader with extensive experience in driving operational excellence and strategic growth, will assume the role of CEO. Thomas Ingenlath, who has served as CEO since Polestar's inception and successfully positioned the brand for its next chapter, has resigned, with the change effective 1 October... Read More

GOTHENBURG, Sweden / Aug 21, 2024 / Business Wire / Polestar (Nasdaq: PSNY) announces that Philipp Römers has been appointed Head of Design. Philipp has over 25 years of experience in automotive design and joins Polestar from AUDI AG, where he has held a number of roles, including Head of Exterior Design. Before joining AUDI... Read More

GOTHENBURG, Sweden / Aug 20, 2024 / Business Wire / Polestar has delivered the first Polestar 4 SUV Coupes in Europe as it expands from a one- to three-car lineup. With Polestar 2, Polestar 3 and now Polestar 4 on European roads, the Swedish electric car brand continues to grow its offering. Having already been delivered to... Read More

GOTHENBURG, Sweden / Aug 14, 2024 / Business Wire / Polestar (Nasdaq: PSNY) has filed its Annual Report on Form 20-F for the fiscal year ended 31 December 2023 with the U.S. Securities and Exchange Commission. As a result, the Company has regained reporting compliance, meeting the requirements of Nasdaq Listing Rule... Read More

GOTHENBURG, Sweden / Aug 14, 2024 / Business Wire / Polestar (Nasdaq: PSNY) announces that production of its luxury SUV, Polestar 3, has started in South Carolina, USA. This makes the Polestar 3 the first Polestar to be produced on two continents. The factory in South Carolina produces cars for customers in the US and Europe,... Read More

GOTHENBURG, Sweden / Jul 11, 2024 / Business Wire / Polestar (Nasdaq: PSNY) is once again at Goodwood Festival of Speed showing its expanded model line-up with the new Polestar 3 and Polestar 4 electric SUVs joining the Polestar 2 centre stage. Star of the show is the Polestar Concept BST, making its global debut at the famous... Read More

GOTHENBURG, Sweden / Jul 10, 2024 / Business Wire / Polestar (Nasdaq: PSNY) has received notice from the Nasdaq Stock Market LLC that the Company is not currently in compliance with the $1.00 minimum bid price requirement, as set forth in Nasdaq Listing Rule 5450(a)(1). The Notice indicated that, consistent with Nasdaq Listing... Read More

7,200 cars delivered in Q1 2024; cash and cash equivalents of USD 784 million as of March 31, 2024 20,200 cars delivered year to date, with Q2 2024 up 80% compared to Q1 2024 New retail model, geographic expansion, growing line-up and sales organisation changes driving future sales growth Announced staff reductions completed,... Read More

Gross profit margin in-line with guidance, excluding non-cash impairment charges of around USD 450 million First customer deliveries of Polestar 3 commenced Q1 2024 results and Q2 2024 global volumes to be published on 2 July 2024 GOTHENBURG, Sweden / Jun 28, 2024 / Business Wire / Polestar (Nasdaq: PSNY) reports its... Read More

GOTHENBURG, Sweden / Jun 27, 2024 / Business Wire / Polestar (NASDAQ: PSNY) has made its first customer deliveries of Polestar 3. The SUV for the electric age plays an important role in the Company’s development, as Polestar now has three models on the roads, including two SUVs. The initial vehicles are being handed over to... Read More

Håkan Samuelsson to retire; Winfried Vahland appointed Board Chair Carla De Geyseleer chooses not to stand for re-election Strengthening of Board through appointment of two additional directors with significant automotive, finance and reporting expertise GOTHENBURG, Sweden / Jun 18, 2024 / Business Wire / Polestar (Nasdaq:... Read More

New sales model implementation will see retail footprint expand across existing European markets Plans to establish presence in seven additional markets across Asia, Europe and Latin America during 2025 Experienced senior leadership added in key markets GOTHENBURG, Sweden / Jun 17, 2024 / Business Wire / Polestar (Nasdaq:... Read More

GOTHENBURG, Sweden / Jun 05, 2024 / Business Wire / Polestar (Nasdaq: PSNY) is taking the next steps in reducing its supply chain emissions by integrating renewable fuels on its ocean freight routes, which account for around 75% of Polestar’s total transportation emissions. Polestar is now also operating its Vehicle Processing... Read More

GOTHENBURG, Sweden / May 31, 2024 / Business Wire / Polestar (Nasdaq: PSNY) announces that it expects to file its Annual Report for 2023 on Form 20-F and publish its preliminary unaudited financial and operational results for the first quarter of 2024 by the end of June. Further details, including publication date and links to... Read More

GOTHENBURG, Sweden / May 17, 2024 / Business Wire / Polestar (Nasdaq: PSNY) announces that, as a consequence of not having filed its Annual Report on Form 20-F for the fiscal year ended 31 December 2023, the Company has received a deficiency notice from The Nasdaq Stock Market, LLC confirming that it is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial... Read More

GOTHENBURG, Sweden / Apr 29, 2024 / Business Wire / Polestar and fast-charging battery pioneer StoreDot have successfully demonstrated the implementation of StoreDot’s Extreme Fast Charging (XFC) technology in a car for the first time, charging a Polestar 5 prototype from 10-80% in just 10 minutes. The fully driveable... Read More

7,200 cars delivered, of which 1,200 Polestar 4 Polestar 3 and Polestar 4 receive very positive media reviews Growing line-up of luxury SUVs to drive expected revenue and margin progression during second half of the year, supporting 2025 targets GOTHENBURG, Sweden / Apr 11, 2024 / Business Wire / Polestar (Nasdaq: PSNY)... Read More

Swedish brand participates in New York International Auto Show for the first time Polestar 3 and Polestar 4 to be showcased GOTHENBURG, Sweden / Mar 21, 2024 / Business Wire / 2024 is the year of the product offensive for Polestar (Nasdaq: PSNY). The Swedish performance electric car brand is participating in the New York... Read More

USD 950 million external funding secured Geely Sweden Holdings intends to participate in future financing activities when required Richer product mix: global roll-out of two new SUVs to drive significant volume and profit margin progression expected in second half of the year Efficiency program delivers results GOTHENBURG,... Read More

GOTHENBURG, Sweden / Feb 01, 2024 / Business Wire / Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, welcomes Geely Sweden Holding as a potential direct new shareholder. Volvo Cars is evaluating a potential adjustment to its shareholding in Polestar including a distribution of... Read More

GOTHENBURG, Sweden / Jan 11, 2024 / Business Wire / Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, reports its global deliveries for the fourth quarter of 2023. Polestar delivered approximately 12,800 cars in the fourth quarter, including 880 Polestar 4 in China, taking its... Read More

GOTHENBURG, Sweden / Jan 11, 2024 / Business Wire / Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces appointments to its Board of Directors and Management Team. Winfried Vahland has been appointed to the Board as a new director. Winfried was previously CEO and President... Read More

GOTHENBURG, Sweden / Nov 15, 2023 / Business Wire / Polestar (Nasdaq: PSNY) confirms the successful start of production of Polestar 4, with first deliveries to customers in China expected before the end of 2023. Official launch in all other Polestar markets is planned for early 2024, with customer deliveries in these markets... Read More

Total revenue of USD 613 million, an increase of 41% year on year 13,976 cars delivered, an increase of 51% Cash and cash equivalents of USD 951 million as of September 30, 2023 GOTHENBURG, Sweden / Nov 08, 2023 / Business Wire / Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish... Read More

GOTHENBURG, Sweden / Nov 08, 2023 / Business Wire / Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, today presents a strengthened business plan which targets an accelerated margin improvement and a reduction of the Company’s total funding need to the point of cash flow break-even... Read More

GOTHENBURG, Sweden / Oct 09, 2023 / Business Wire / Polestar (Nasdaq: PSNY), the Swedish electric performance car brand, invites shareholders to attend an exclusive, in-person event on 9 November 2023 in Los Angeles. Polestar Day will provide an opportunity for participants to experience the latest innovations and technologies... Read More

GOTHENBURG, Sweden / Oct 05, 2023 / Business Wire / Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, reports its global deliveries for the third quarter of 2023. Polestar delivered approximately 13,900 vehicles in the third quarter, a growth of 50% compared to last year, with sales... Read More

GOTHENBURG, Sweden / Aug 31, 2023 / Business Wire / Polestar Automotive Holding UK PLC (“Polestar”, Nasdaq: PSNY), the Swedish electric performance car brand, today reports its results for the second quarter of 2023. Polestar delivered 15,765 vehicles during the second quarter, a growth of 36% compared to last year. With... Read More

GOTHENBURG, Sweden / Jul 06, 2023 / Business Wire / Polestar Automotive Holding UK PLC , (“Polestar”, NASDAQ: PSNY) the Swedish electric performance car brand, reports its global deliveries for the second quarter of 2023. Following strong deliveries in the month of June, up 73% year-on-year, Polestar achieved its best ever... Read More

GOTHENBURG, Sweden / Jun 29, 2023 / Business Wire / Polestar has signed an agreement with Tesla to adopt the new North American Charging Standard (NACS) which will enable access to Tesla’s expansive Supercharger network for all Polestar drivers in the United States and Canada. From 2025, new Polestar vehicles sold in North... Read More

GOTHENBURG, Sweden / Jun 19, 2023 / Business Wire / A subsidiary of Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), is entering into a strategic joint venture for the China market with the technology company Xingji Meizu Group (“Xingji Meizu”). The joint venture is expected to strengthen... Read More

GOTHENBURG, Sweden / May 11, 2023 / Business Wire / Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish electric performance car brand, reports its results for the three months ended March 31, 2023. Polestar achieved record first quarter deliveries of 12,076 cars, up 26% year on year and... Read More

GOTHENBURG, Sweden / Apr 06, 2023 / Business Wire / Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish electric performance car brand, reports its global volumes for the first quarter of 2023. Building on the record 2022 global volumes of over 51,000, the Company delivered approximately... Read More

Relative CO 2 e-emissions reduced by eight percent compared to 2021, during a year of record global volume growth Polestar on track towards its climate goal of halving emissions by 2030 Updates include increased traceability on risk materials and new partners to the Polestar 0 project GOTHENBURG, Sweden / Apr 03, 2023 /... Read More

Total revenue of USD 2.5 billion in 2022, an increase of 84% year on year 51,491 cars delivered in 2022, compared to 28,677 in 2021, an increase of 80% Cash and cash equivalents of USD 974 million as of December 31, 2022 Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish electric performance car brand, reports its preliminary unaudited financial and operational results for the year... Read More

Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish electric performance car brand, announces the partnership with Say Technologies for the Q&A platform to be used for its upcoming full year results call on Thursday 2 March 2023 at 08:00 ET (14:00 CET). To enhance shareholder engagement, all verified shareholders can submit and upvote questions, a selection of which will be answered by... Read More

Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish electric performance car brand delivered approximately 21,000 vehicles in the fourth quarter of 2022, bringing the preliminary estimate for full year global volumes to 51,500 cars, up 80% year-on-year. In 2023, Polestar anticipates... Read More

Smart Eye (STO: SEYE) and Polestar (Nasdaq: PSNY) will demonstrate the Polestar 3 driver monitoring system (DMS) at CES 2023 in Las Vegas in January 2023. Smart Eye’s leading premium driver monitoring technology is included in Polestar 3 as standard. Designed to help avoid accidents and save lives, Polestar 3 features two closed-loop premium driver monitoring cameras and software from Smart Eye which track the driver’s head,... Read More

GOTHENBURG, Sweden , Nov. 11, 2022 /PRNewswire/ -- Polestar Automotive Holding UK PLC ("Polestar" or the "Company," Nasdaq: PSNY), the Swedish electric performance car brand, today reports its results for the nine months ended September 30 , 2022. Investor Update, Management's Discussion and Analysis of Financial Conditions and Results of Operations and Unaudited Condensed Consolidated Financial Statements are available on... Read More

Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has received further commitments for financial and liquidity support from its two major shareholders. Volvo Cars is providing USD 800mn principal amount 18-month term loan, with an equity conversion option for Volvo Cars. This loan amount is on par with the direct and indirect... Read More

Polestar Automotive Holding UK PLC ("Polestar" or the "Company," Nasdaq: PSNY), the Swedish electric performance car brand, delivered approximately 9,215 vehicles in the third quarter of 2022, bringing the total year-to-date to approximately 30,400 cars for the first nine months of 2022, up 100% year-on-year. A recent ramp up... Read More

Polestar (Nasdaq: PSNY) will premiere its first SUV, Polestar 3, at a launch event on 12 October 2022 in Copenhagen, Denmark . Polestar 3 is a powerful, design-led electric performance SUV that appeals to the senses with a distinct shape and excellent driving dynamics. Built on a new all-electric technology base developed by... Read More

Polestar (Nasdaq: PSNY), the Swedish electric performance car company, confirms plans to put the Polestar electric roadster concept into production. The production car is expected to launch in 2026 as the Polestar 6 electric performance roadster. Interested customers in all active Polestar markets are able to reserve a build... Read More

Polestar (Nasdaq: PSNY), the premium electric performance car company, announces a robust performance for the first half of 2022 with record deliveries and a very strong order book. Continued development in existing and new markets is driving substantial growth in customer demand. The Swedish company, which listed on the... Read More

Polestar , the Swedish electric car brand, has rung the famous bell at the Nasdaq stock exchange in New York City to celebrate its public listing. Polestar began trading officially under the ticker “PSNY” on 24 June 2022. Polestar CEO Thomas Ingenlath was joined by members of the Polestar and Gores Guggenheim teams, gathering in New York City to mark the latest milestone in Polestar’s journey towards sustainable mobility.... Read More