reuters.com

Polestar Cuts Full-Year Delivery Forecast After US Pushes China-Linked EVs Out

Polestar logoPolestar
Sig3.82Sen-5.59Env0.00Soc0.00Gov-0.59

Polestar cut its full-year delivery forecast after Washington’s crackdown on Chinese-linked vehicles forced the company out of the United States. The Swedish EV maker expects low-to-mid single digit annual volume growth, down from a previous low double-digit outlook, with shares down about 5.7% in premarket trading. Polestar is majority-owned by Geely Holding.

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