PSNY Stock Recent News

MEDFORD, Mass.--(BUSINESS WIRE)--Agero, the leading white-label provider of digital driver assistance services and software for the majority of automotive and auto insurance companies, has partnered with Polestar Automotive USA Inc. (NASDAQ: PSNY), serving as the exclusive roadside assistance provider for the Swedish electric performance car brand in the U.S. Building on 50 years of expertise, Agero brings its award-winning technology, vast service provider network, and unmatched EV experience.

Polestar reported a surge in second-quarter sales on Thursday, as offers and discounts helped boost sales in its home market of Europe amid a challenging macroeconomic environment.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) retail sales volumes amounted to an estimated 18,049 cars in Q2 2025, up 38% versus Q2 2024. For the first six months of the year, retail sales volumes approximated 30,319 cars, a growth of 51% compared to the same period last year. Michael Lohscheller, Polestar CEO, says: “We've delivered another strong quarter of growth, in increasingly challenging market and geopolitical conditions. Volume growth of 38% in the second quarter and 51.

Sweden-based electric vehicle maker Polestar said on Thursday its upcoming SUV model Polestar 7 will be manufactured at Volvo Cars' under-construction factory in Slovakia, making it its first car to be made in Europe.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is taking the next step in diversifying its contract manufacturing footprint by expanding it to Europe. The Company has signed a memorandum of understanding with Volvo Cars to have Polestar 7 manufactured in Kosice, Slovakia, in advance of the planned launch of the premium compact SUV in 2028. Polestar 7 will be developed in accordance with the Company's recently announced strategy to use architectures from within the Geely Holding Gr.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces a USD 200 million equity investment by PSD Investment Limited (“PSD Investment”), an existing investor, an entity that is controlled by Mr. Shufu (Eric) Li, Founder and Chairman of Geely Holding Group. Polestar Automotive Holding UK PLC (“Polestar”) has entered into a securities purchase agreement pursuant to which Polestar agreed to sell newly issued 190,476,190 Class A American Depositary Shares (“ADS”) to PSD Investment f.

Swedish premium carmaker Polestar will start delivering its electric vehicles in France this year with the goal of making it one of its three main European markets, its top executive for the country told Reuters.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that in conjunction with its Annual General Meeting (AGM) to be held in London on 30 June 2025, certain changes to the Company's Board of Directors are being submitted for shareholder approval. Full details of the AGM are available on the Company's Investor Relations website: https://investors.polestar.com/corporate-governance/annual-general-meeting Karen Francis' and Zhe (David) Wei's terms are ending at the closing of this.

Polestar's Q1 results showed progress, with a 76% increase in deliveries and 84% revenue growth, but the top line missed street estimates. The balance sheet remains troubled, with $732 million in cash against $4.8 billion in debt, most likely necessitating a large equity infusion. Valuation is heavily pressured, trading at 0.56 times expected revenues, significantly lower than most electric vehicle peers.