Polestar Automotive Holding UK

PSNY

Market cap $1.97B

A nondescript facility south of Cleveland has become an early staging ground for the auto industry's next supply-chain pivot: replacing vehicle hardware from China.

The automaker's exit from the U.S. market comes as several dealers hoped for retail expansion.

Sweden's Polestar reported a 4% fall in quarterly sales volumes on Thursday, weeks after the EV maker was handed a U.S. market ban ​starting in the 2027 model year, adding to its ongoing struggles ‌to turn a profit.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar's (Nasdaq: PSNY) retail sales in the first half of 2026 amounted to a record estimated 30,423 cars. In the second quarter, retail sales were an estimated 17,296 cars. Michael Lohscheller, Polestar CEO, says: “Delivering record sales in the first half of the year, despite regulatory and market headwinds, is a significant achievement. We continue to make progress across the business, delivering strong growth in several key markets, especially in the U.

Polestar vehicles will be banned from the U.S. starting with the next model year. Though it's a blow to Polestar's potential growth, the auto generates the majority of its sales in Europe.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Geely Sweden Holdings AB and Volvo Cars completed previously announced debt-to-equity conversions. On 30 June 2026, approximately USD 300 million and USD 66 million of their respective outstanding shareholder loans were converted into Polestar's equity. This brings the total of debt converted by the parties into Polestar's equity to approximately USD 640 million since the beginning of 2026. As previously announced, the r.

When Ryan Rodriguez landed a great deal on a model year 2024 Polestar earlier this month, he did ​not anticipate the brand would soon be in trouble in the United States.

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Regulators are putting the kibosh on sales of the automaker's upcoming EV models because of its ties to China.

Polestar says the Trump administration is forcing it to stop selling EVs in the U.S. starting with the 2027 model year under connected vehicle rules.