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Story summary
- Polestar posted a net loss of $2.7 billion over the past year, signaling liquidity pressure.
- EV sales rose 25% in 2024, despite subsidy cuts that slowed growth in Europe.
- The company aims to reach cash-flow break-even by 2025 amid competition from Tesla and legacy automakers.
- Polestar reported 13% growth in Q3 and plans new models plus a manufacturing deal with Volvo in Slovakia.
