Polestar Automotive Holding UK PLC Sponsored ADR Class C ( (PSNYW) ) has released its Q2 earnings. Here is a breakdown of the information Polestar Automotive Holding UK PLC Sponsored ADR Class C presented to its investors.
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Polestar Automotive Holding UK PLC, a Swedish electric performance car brand, focuses on innovative design and sustainability within the automotive industry, offering a range of electric vehicles across global markets. In the first half of 2025, Polestar reported a significant revenue growth of 56%, driven by a 51% increase in retail sales volumes and a strategic expansion of its retail network. Despite facing external headwinds, the company raised $200 million in new equity and maintained a cash position of $719 million as of June 30, 2025. Key financial highlights include a net loss of $1,193 million, primarily due to a non-cash impairment expense, and an improved adjusted gross margin of 1.4%. The company also confirmed a future production site in Europe for the Polestar 7, planned for launch in 2028. Looking ahead, Polestar remains committed to its growth strategy, targeting a compound annual retail sales volume growth of 30-35% from 2025 to 2027, while navigating market challenges and continuing its focus on sustainability and innovation.