Polestar Automotive Holding UK PLC

Polestar Automotive Holding UK Plc engages in the manufacturing, distribution, and sale of luxury electric vehicles. The company was founded on September 15, 2021 and is headquartered in Gothenburg, Sweden.

Earnings data Q2 2022

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Polestar Automotive achieves record Q2 performance and eyes global expansion

Polestar Automotive reported strong Q2 performance with delivery and revenue growth.
The company is focusing on product enhancements, strategic partnerships, and global expansion.
Challenges include inventory impairment, cash flow management, and production ramp-up.
Opportunities lie in collaborations, market expansion, and leveraging autonomous driving technology.

Polestar achieves record deliveries, targets profitability amid funding challenges

Polestar's strong performance in car deliveries and model reception underscores its growth potential. While challenges in funding and cash flow persist, the company's strategic initiatives and product lineup position it well for success in key markets.

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Polestar Automotive Holding UK Plc engages in the manufacture, distribution, and sale of luxury electric vehicles. Its products include Polestar 1, a performance hybrid sedan, Polestar 2, an electric sedan, and Polestar 3, an electric SUV type vehicle. The company was founded on September 15, 2021 and is headquartered in Gothenburg, Sweden.

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GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) and Rivian (Nasdaq: RIVN) have collaborated on a ‘Pathway Report' which concludes that the automotive industry is set to overshoot the IPCC's 1.5-degree pathway by at least 75% by 2050. The two pioneering EV makers initiated the report in response to the climate crisis.

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Polestar (NASDAQ: PSNY ) stock is trading 9% higher today after the electric vehicle (EV) company announced that it would further integrate Luminar's (NASDAZ: LAZR ) light detection and ranging (lidar) technology into the Polestar 3 and upcoming Polestar 5. Unlike Tesla (NADSAQ: TSLA ), which chooses not to utilize lidar in its vehicles, Polestar is making the choice to have the technology power future models in a significant manner.

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GOTHENBURG, Sweden & ORLANDO, Fla.--( BUSINESS WIRE )--Polestar (Nasdaq: PSNY) and Luminar (Nasdaq: LAZR) announced plans to deepen their partnership by expanding the integration of Luminar's technology on the Polestar 5 – the electric 4-door GT expected to launch in 2024 based on the Polestar Precept concept car. This expanded partnership provides a foundation to further collaborate on lidar integration and design on Polestar's future vehicles.

Polestar and Luminar Expand Partnership to Multiple Vehicles

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The Polestar 2 sedan now has longer range, better performance, and a refreshed look to go along with it.

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The Swedish-based electric carmaker has pulled ahead of rivals thanks to its no-factory model and Chinese partner, but its boss want to remove carbon from the production process too

Polestar boss Thomas Ingenlath's drive for a truly emission-free car

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EV company Polestar beat its delivery target for FY 2022. Polestar's delivery guidance for FY 2023 is very strong and the company is ahead of its US rivals regarding production volume.

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Polestar delivered 21,000 vehicles in the fourth quarter, more than doubling volumes from the third quarter. Full-year deliveries totaled 51,500 vehicles, beating its revised guidance of 50,000 vehicles. The company has guided full-year 2023 deliveries of 80,000 vehicles, a y/y increase of ~60%.

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Swedish electric performance car brand delivers over 21,000 vehicles in Q4 2022.

Polestar CEO Confident in Meeting Growing Demand in 2023

GOTHENBURG, Sweden--( BUSINESS WIRE )--Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish electric performance car brand delivered approximately 21,000 vehicles in the fourth quarter of 2022, bringing the preliminary estimate for full year global volumes to 51,500 cars, up 80% year-on-year.

Polestar Delivers on 2022 Global Volumes Target

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Nvidia's on demand cloud gaming service, known as GeForce Now, is headed to select Hyundai, BYD and Polestar electric vehicles, the company said Tuesday ahead of CES 2023 in Las Vegas.

Nvidia helps Hyundai, BYD, Polestar join the in-car gaming revolution

European electric vehicle (EV) maker Polestar (NASDAQ: PSNY ) is making strong gains in the market today despite recently announcing its first U.S. recall. PSNY stock is up nearly 7% today following a Tuesday night recall order from the National Highway Traffic Safety Administration.

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The National Highway Traffic Safety Administration posted a recall affecting 66 Polestar vehicles on Tuesday.

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The EV market has performed poorly for much of 2022 due to supply chain issues and quantitative tightening. Polestar is on track to meet its targets for 2022 despite semiconductor shortages and lockdowns in China.

News for Polestar Automotive Holding UK PLC Stock (PSNY)