Polestar Reports Q2 Sales Decline Amid U.S. Market Ban
Polestar reported a 4% decline in second-quarter retail sales to 17,296 cars due to the loss of its U.S. market access starting with the 2027 model year under new regulations targeting Chinese software and hardware components. The company's CEO highlighted expansion of their retail network by 39%, but noted challenges from regulatory restrictions.
Tickers: $PSNY
Topics: electric vehicles Polestar sales decline U.S. market ban