Polestar Automotive Holding UK Ltd Stock Price, News & Analysis

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.

Polestar (Nasdaq: PSNY) has announced a delay in filing its 2024 annual report, with the new expected filing date set for May 14, 2025. The company has also suspended its financial guidance for 2025 due to uncertainties related to international tariffs and government regulations.

Despite these challenges, Polestar reports positive momentum in transforming its commercial operations, with expectations of improved gross margins through 2025, driven by a favorable shift toward higher-margin models. The company continues to implement organizational efficiencies to reduce costs.

Looking ahead, Polestar maintains its target of 30-35% compound annual retail sales volume growth for 2025-2027. The company plans to release Q1 2025 select financial results in May 2025, accompanied by a conference call, with details to be posted on their Investor Relations website.

Polestar (NASDAQ: PSNY) has released its fourth Annual Sustainability report, highlighting a significant 24.7% reduction in carbon footprint per sold car since 2020. The achievement stems from increased use of low-carbon aluminum, improved battery manufacturing, 100% renewable electricity in production, and enhanced logistics with biofuels.

The company's Polestar 0 project, launched in 2021, has identified solutions potentially reducing Polestar 2's carbon footprint by 10 tonnes. The project is evolving with the establishment of the Mission 0 House research center in Gothenburg, focusing on eliminating greenhouse gas emissions in materials and processes.

Key sustainability initiatives include joining the Initiative for Responsible Mining Assurance (IRMA), expanding material traceability, and increasing recycled content, with Polestar 4 now containing 10% recycled materials. The company maintains its commitment to becoming climate-neutral across its value chain by 2040, with an interim target of halving greenhouse gas emissions per vehicle sold by 2030.

Polestar (PSNY) reported strong Q1 2025 performance with retail sales volumes reaching 12,304 cars, marking a significant 76% increase compared to Q1 2024's 6,975 units. Sales remained stable versus Q4 2024, despite challenging economic conditions.

The growth is attributed to increased uptake of newer models and the company's transition to an active selling model. CEO Michael Lohscheller expressed satisfaction with the progress in transforming commercial operations, citing more retail partners and attractive vehicles as key factors while noting careful monitoring of the volatile geopolitical environment.

The company plans to publish its full year 2024 results and file its annual report on Form 20-F by the end of April 2025.