Welcome to our dedicated page for Polestar Automotive Holding UK news (Ticker: PSNY), a resource for investors and traders seeking the latest updates and insights on Polestar Automotive Holding UK stock.
Polestar Automotive Holding UK (PSNY) delivers premium electric vehicles combining Scandinavian design with cutting-edge sustainable technology. This news hub provides investors and enthusiasts with official updates directly from the automaker and trusted financial sources.
Track Polestar's progress through verified press releases covering quarterly earnings, new vehicle launches, and strategic partnerships. Our curated selection includes analysis of technological breakthroughs in battery systems and updates on global expansion initiatives within the competitive EV market.
Bookmark this page for real-time access to Polestar's corporate announcements, sustainability reports, and manufacturing milestones. All content is vetted for accuracy to support informed analysis of this innovative automaker's market position.
Polestar Automotive Holding UK PLC (Nasdaq: PSNY) reported approximately 12,000 vehicle deliveries in Q1 2023, reflecting a 26% year-on-year increase. Building on over 51,000 global volumes in 2022, the company projects its total deliveries for 2023 to reach nearly 80,000 cars, a 60% year-on-year growth. This growth is primarily driven by strong demand for the Polestar 2 model. The Company plans to commence production of the Polestar 3 electric SUV in summer 2023 and launch the Polestar 4 shortly thereafter. The unaudited financial results for Q1 2023 are set to be announced on May 11, 2023, before market opening in the USA.
Polestar (Nasdaq: PSNY) has published its third Annual Sustainability Report, highlighting significant progress in reducing CO2e emissions. The company achieved an 8% reduction in emissions per car sold compared to 2021, alongside a record 80% increase in vehicle deliveries, totaling nearly 51,500 cars in 2022. These reductions stem from improvements like using renewable energy and updating supply chains. Polestar's project aims for climate-neutral cars by 2030, with ongoing partnerships examining materials for sustainability.
Additionally, Polestar plans to file its Annual Report on Form 20-F by May 1, 2023.
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