Polestar Automotive Holding UK Ltd Stock Price, News & Analysis

Polestar (Nasdaq: PSNY) has scheduled the release of its H1 2025 unaudited financial results for September 3, 2025, before market open. The company will host a conference call on the same day at 14:00 CET (08:00 ET) to discuss the results. Investors can access the conference call through Polestar's Investor Relations website.

Yum China (NYSE: YUMC) has announced the appointment of Zhe (David) Wei to its Board of Directors, effective August 6, 2025. This appointment expands the board to 13 directors, with 11 being independent. Wei, the founding partner and chairman of Vision Knight Capital, brings significant experience in consumer sectors and digital commerce, including his previous role as CEO of Alibaba.com Limited from 2007 to 2011.

Wei's extensive background includes leadership positions at B&Q China and various board memberships in prominent companies. He currently serves as a non-executive director of PCCW Ltd., JNBY Design Limited, and Sansure Biotech Co., Ltd., among others. His appointment is expected to contribute to Yum China's focus on operational efficiency and innovation.

Polestar (NASDAQ: PSNY) has partnered with Agero as its exclusive roadside assistance provider in the United States. The collaboration aims to enhance the ownership experience for Polestar's electric vehicle customers through Agero's specialized EV services and technology platform.

Agero brings significant expertise, having handled 250,000 EV roadside incidents last year. The partnership includes specialized EV roadside assistance, digital service tracking, integrated safety features through Polestar Connect, and proactive customer care. The service comes amid projected 12.61% annual growth in EV adoption through 2029.

The partnership leverages Agero's 50 years of automotive experience and extensive service provider network to deliver premium assistance specifically tailored for electric vehicle owners.

Polestar (Nasdaq: PSNY) reported strong retail sales growth in Q2 2025, with volumes reaching 18,049 cars, representing a 38% increase compared to Q2 2024. The electric vehicle manufacturer's performance in the first half of 2025 was even more impressive, with retail sales volumes of 30,319 cars, marking a 51% year-over-year growth.

CEO Michael Lohscheller highlighted that these results were achieved despite challenging market and geopolitical conditions, attributing the growth to successful retail expansion efforts and increasing customer preference for Polestar vehicles.

Polestar (Nasdaq: PSNY) has announced plans to manufacture its upcoming Polestar 7 premium compact SUV in Kosice, Slovakia, marking its first European production expansion. The company has signed a memorandum of understanding with Volvo Cars for development and manufacturing, with launch planned for 2028.

The vehicle will utilize Geely Holding Group architectures and Volvo Cars' technology base, featuring advanced cell-to-body technology, next-generation battery systems, and in-house developed e-motors. The Kosice factory, which began construction in 2023, was chosen for its strategic location and established supplier network in Europe.

Polestar (PSNY) has secured a USD 200 million equity investment from PSD Investment Limited, an existing investor controlled by Geely Holding Group's Founder and Chairman, Mr. Shufu Li. The investment involves the sale of 190,476,190 newly issued Class A American Depositary Shares at $1.05 per share through a private investment in public equity (PIPE). PSD Investment will convert 20,000,000 of its Class B ADS shares to Class A ADS shares to maintain its voting power below 50%. The proceeds will be used for working capital requirements and general corporate purposes.

Polestar (PSNY) has announced its upcoming Annual General Meeting (AGM) scheduled for June 30, 2025, in London, along with significant Board of Directors changes. Four current board members - Karen Francis, Zhe (David) Wei, David Richter, and Donghui (Daniel) Li - will depart following the AGM. Two existing directors, Francesca Gamboni and Laura Shen, will stand for re-election. The company has proposed two new directors: Cynthia Dubin, an experienced CFO currently serving on multiple boards including Ice Futures Europe and Hurco Companies, and Joe Zhang, who serves as Vice President and CFO of Zhejiang Geely Holding Group. Board Chair Winfried Vahland expressed gratitude to the departing members for their roles in Polestar's transformation into a listed company.

Polestar (PSNY) reported strong Q1 2025 financial results with revenue growth of 84.2% to $608 million and significant margin improvements. The company achieved a positive gross margin of 6.8%, up 14.5 percentage points year-over-year. Retail sales increased 76.4% to 12,304 cars, driven by higher uptake of newer models. Net loss reduced by 31.2% to $190 million, while Adjusted EBITDA loss improved by 45.7% to $115 million. The company secured over $900 million in financing facilities in Q1 2025 and maintained a strong cash position of $732 million. Notable developments include the planned launch in France, termination of the Chinese JV while maintaining commitment to the market, and the introduction of the Polestar 2 model year 2026. The company also reported a 25% reduction in CO2 emissions per car sold and expanded its Polestar Energy home charging service to 11 markets.

Polestar (PSNY) has announced it will release its Q1 2025 select financial results on May 12, 2025, before market open. The company will hold a conference call for investors and analysts on the same day at 14:00 CET (08:00 EST), which will be accessible through Polestar's Investor Relations website. Additionally, the company has filed its 2024 annual report on Form 20-F with the SEC on May 9, 2025.