Polestar (NASDAQ:PSNY) announces that in conjunction with its Annual General Meeting (AGM) to be held in London on 30 June 2025, certain changes to the Company's Board of Directors are being submitted for shareholder approval. Full details of the AGM are available on the Company's Investor Relations website: https://investors.polestar.com/corporate-governance/annual-general-meeting This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250603244620/en/Polestar lineup 2025 Karen Francis' and Zhe (David) Wei's terms are ending at the closing of this year's AGM and they have both announced that they will not stand for re-election. Addition

Growing share of higher margin models in sales mix and continuing cost reduction measures start to drive financial and operational performance improvement Gross margin improved by 15ppts to 7% versus Q1 2024 Net loss reduced by 31%; an Adjusted EBITDA loss improvement of 46% year-on-year Over USD 900 million worth of financing facilities secured or renewed in Q1 2025 Cash position of USD 732 million as of end Q1 2025 Polestar (NASDAQ:PSNY) reports select financial and operational results for the quarter ended March 31, 2025 (Q1 2025). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250512313129/en/ Michael Lohscheller,

Polestar (NASDAQ:PSNY) expects to publish Q1 2025 select financial results on 12 May 2025, before market open. Management will host a conference call at 14:00 Central European Time (08:00 US Eastern Time) the same day, accessible via the Polestar Investor Relations website. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250509129868/en/ Polestar filed its annual report for 2024 on form 20-F with the U.S. Securities and Exchange Commission (SEC) on 9 May 2025. About Polestar Polestar (NASDAQ:PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the

Polestar (NASDAQ:PSNY) today filed a notice with the U.S. Securities and Exchange Commission (SEC) stating it needs additional time to complete work for its 2024 annual report. The annual report for 2024 on Form 20-F is now expected to be filed before or on May 14, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250430144916/en/ Good momentum in transforming our commercial operations and a favorable shift in the product mix towards higher margin models are expected to drive improvement in the gross margin through 2025. At the same time, the Company continues to implement further efficiencies across the organization to reduce

Polestar (NASDAQ:PSNY) has published its fourth Annual Sustainability report, announcing significant GHG reductions, updates on the Polestar 0 project and a continued quest for increased transparency and more sustainable materials. Since the Company started measuring in 2020, Polestar has reduced its carbon footprint per sold car with a quarter (24.7%). The most significant contributing factors to this achievement include an increased use of low-carbon aluminium in all models, improvements in battery manufacturing, 100% renewable electricity in the manufacture of all models and more efficient logistics combined with increased use of biofuels on certain ocean routes. This press release featu

Polestar (NASDAQ:PSNY) retail sales volumes amounted to an estimated 12,304 cars in Q1 2025, up 76% versus Q1 2024 and were stable versus Q4 2024, against a challenging economic environment. Sales are supported by a growing uptake of newer models and the ongoing transition to an active selling model. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250410334901/en/Polestar 2, Polestar 3 and Polestar 4 Michael Lohscheller, Polestar CEO, says: "We are on the right track and doing the right things. I'm pleased with the progress we are making in transforming our commercial operations. With a more active selling model, more retail partn

Polestar (NASDAQ:PSNY) advises that it has secured a 12-month term facility of up to USD 450 million and has renewed the EUR 480 million Green Trade Finance Facility (TFF). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250228789224/en/Polestar model line-up (Photo: Business Wire) In February 2025, the Company secured up to USD 450 million in a 12-month term facility after having secured in December 2024 over USD 800 million in 12-month term facilities. Polestar originally entered into a 12-month TFF with a syndicate of leading global banks in February 2022 to support its working capital requirements and in February 2025 the f

Targeting compound annual retail sales volume growth of 30-35% for 2025 to 2027 and positive adjusted EBITDA in 2025 Positive free cash flow after investments expected in 2027 Strong product momentum: Polestar 3 and Polestar 4 represent 56% of order intake in Q4 2024; Polestar 5 launch this year Polestar 7, a premium compact SUV, planned to be produced in Europe, strengthening global manufacturing network Dealership expansion: 75% increase in retail spaces until 2026, with start of sales in France this year Continue to work with Geely on securing new equity and debt funding to finance Polestar's development and strategy implementation Polestar (NASDAQ:PSNY) today presents

Retail sales totalled 12,548 cars in Q3 2024, down 8% versus Q3 2023 Revenue USD 551 million in Q3 2024, down 10% versus Q3 2023 on lower volume and competitive market conditions USD -323 million net loss and USD -180 million adjusted EBITDA; an adjusted EBITDA improvement of 28%, versus Q3 2023, reflecting continuous management actions reducing selling, administrative and general expenses USD 501 million cash balance at end Q3 2024; secured over USD 800 million in bank facilities in December Updated FY 2024 guidance Polestar (NASDAQ:PSNY) today presents selected preliminary unaudited results for the third quarter and first nine months of 2024. This press release features m

Retail sales totalled 12,256 cars in Q4 2024, up 5.3% versus Q4 2023, driven by a growing model line-up Order intake in Q4 2024 up 37.2% versus Q4 2023, creating strong momentum as we enter 2025 Polestar 3 and Polestar 4 represent 56% of order intake in Q4 2024 Polestar (NASDAQ:PSNY) retail sales totalled 12,256 cars in Q4 2024, up 5.3% versus Q4 2023, taking total retail sales for the full year to 44,851 in 2024, down 15% versus 2023. Total order intake in Q4 2024 increased by 37.2% versus Q4 2023 and by 37.9% for the full year 2024 versus 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250109208150/en/(Photo: Bu

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6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

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6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

Polestar (NASDAQ:PSNY) has appointed Jonas Engström to the role of Chief Operating Officer (COO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217820560/en/Polestar lineup (Photo: Business Wire) As COO, Jonas's main focus will be the delivery of Polestar's growing car programmes and overseeing the Company's daily operations. He will also work closely with Michael Lohscheller to translate the Company's strategy and vision into actionable plans across the whole business. Michael Lohscheller, Polestar CEO, says: "With his unique combination of strong operational competence, strategic thinking and humble leadership, Jonas is

Polestar (NASDAQ:PSNY) continues to prepare itself for the next step in its development by appointing Jean-Francois Mady to the role of Chief Financial Officer (CFO), effective 21 October 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903661914/en/Jean-Francois Mady (Photo: Business Wire) Jean-Francois brings 25 years of experience from senior, leading roles in automotive finance and financial services across Europe, China, Asia and India. Most recently he was Senior Vice President of Global Accounting Operations and Finance Transformation at Stellantis Group. He has also held several leadership roles at PSA Group. Je

Polestar (NASDAQ:PSNY) announces that Michael Lohscheller, a seasoned automotive leader with extensive experience in driving operational excellence and strategic growth, will assume the role of CEO. Thomas Ingenlath, who has served as CEO since Polestar's inception and successfully positioned the brand for its next chapter, has resigned, with the change effective 1 October 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827828117/en/Michael Lohscheller (Photo: Business Wire) Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Nikola, brings a wealth of expertise in the automotive industry, particul

Polestar (NASDAQ:PSNY) announces that Philipp Römers has been appointed Head of Design. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821362006/en/(Photo: Business Wire) Philipp has over 25 years of experience in automotive design and joins Polestar from AUDI AG, where he has held a number of roles, including Head of Exterior Design. Before joining AUDI AG, he was a leading designer at Volkswagen AG. Philipp will succeed Maximilian Missoni, who after 6 years with Polestar and a total of 12 years in Sweden, has decided to take up a new role outside of Polestar. Philipp Römers says: "Polestar is the role model of a design-

Håkan Samuelsson to retire; Winfried Vahland appointed Board Chair Carla De Geyseleer chooses not to stand for re-election Strengthening of Board through appointment of two additional directors with significant automotive, finance and reporting expertise Polestar (NASDAQ:PSNY) announces that Håkan Samuelsson intends to retire as Board Chair. The Board of Directors has appointed Winfried Vahland Board Chair, effective following the Company's Annual General Meeting of Shareholders. Carla De Geyseleer, Audit Committee Chair, has chosen not to stand for re-election as Director, in order to focus on her executive role. This press release features multimedia. View the full release here

MUNICH, Germany, March 25, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing ("eVTOL") jet, today announced they have appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024. Johan Malmqvist brings more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies. Most recently, Johan served as CFO at a premium electric vehicle manufacturer, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) ("Polestar"), where he led the company's financial organization, including finance, tax, treasury and investor relations. He also played a pivotal rol

Polestar (NASDAQ:PSNY), the Swedish electric performance car brand, invites shareholders to attend an exclusive, in-person event on 9 November 2023 in Los Angeles. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231009685596/en/(Photo: Business Wire) Polestar Day will provide an opportunity for participants to experience the latest innovations and technologies that are being integrated into Polestar's growing line-up of design-led, luxury, performance EVs. Management will be joined by select strategic partners in a keynote presentation, to share how collaboration is shaping Polestar's electric performance cars, now and in the f

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Growing share of higher margin models in sales mix and continuing cost reduction measures start to drive financial and operational performance improvement Gross margin improved by 15ppts to 7% versus Q1 2024 Net loss reduced by 31%; an Adjusted EBITDA loss improvement of 46% year-on-year Over USD 900 million worth of financing facilities secured or renewed in Q1 2025 Cash position of USD 732 million as of end Q1 2025 Polestar (NASDAQ:PSNY) reports select financial and operational results for the quarter ended March 31, 2025 (Q1 2025). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250512313129/en/ Michael Lohscheller,

Polestar (NASDAQ:PSNY) expects to publish Q1 2025 select financial results on 12 May 2025, before market open. Management will host a conference call at 14:00 Central European Time (08:00 US Eastern Time) the same day, accessible via the Polestar Investor Relations website. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250509129868/en/ Polestar filed its annual report for 2024 on form 20-F with the U.S. Securities and Exchange Commission (SEC) on 9 May 2025. About Polestar Polestar (NASDAQ:PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the

Polestar (NASDAQ:PSNY) today filed a notice with the U.S. Securities and Exchange Commission (SEC) stating it needs additional time to complete work for its 2024 annual report. The annual report for 2024 on Form 20-F is now expected to be filed before or on May 14, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250430144916/en/ Good momentum in transforming our commercial operations and a favorable shift in the product mix towards higher margin models are expected to drive improvement in the gross margin through 2025. At the same time, the Company continues to implement further efficiencies across the organization to reduce

Retail sales totalled 12,548 cars in Q3 2024, down 8% versus Q3 2023 Revenue USD 551 million in Q3 2024, down 10% versus Q3 2023 on lower volume and competitive market conditions USD -323 million net loss and USD -180 million adjusted EBITDA; an adjusted EBITDA improvement of 28%, versus Q3 2023, reflecting continuous management actions reducing selling, administrative and general expenses USD 501 million cash balance at end Q3 2024; secured over USD 800 million in bank facilities in December Updated FY 2024 guidance Polestar (NASDAQ:PSNY) today presents selected preliminary unaudited results for the third quarter and first nine months of 2024. This press release features m

AGM to take place on 7 October 2024 Winfried Vahland to assume role of Chair, following Håkan Samuelsson's retirement from the Board; investing 100% of net remuneration in Polestar shares Francesca Gamboni proposed to replace Jim Rowan as Volvo Cars representative on Board of Directors Christine Gorjanc and Xiaojie Shen (Laura) proposed as new Directors Polestar (NASDAQ:PSNY) is holding its Annual General Meeting (AGM) in London on 7 October 2024. Full details of the AGM, including instructions for proxy voting by registered shareholders, are available on the Company's Investor Relations website https://investors.polestar.com/. This press release features multimedia. View the full

13,150 cars delivered in Q2 2024, up 82% compared to Q1 2024 30% improvement in inventory turnover driving working capital reduction with positive impact on cash flow Secured up to USD 300 million in additional external funding in August Polestar (NASDAQ:PSNY), reports its preliminary unaudited financial and operational results for the second quarter ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829866418/en/(Photo: Business Wire) Deliveries were 13,150 cars, an 82% increase compared to the first quarter, taking global deliveries for the first six months of the year to 20,371, with strong momen

7,200 cars delivered in Q1 2024; cash and cash equivalents of USD 784 million as of March 31, 2024 20,200 cars delivered year to date, with Q2 2024 up 80% compared to Q1 2024 New retail model, geographic expansion, growing line-up and sales organisation changes driving future sales growth Announced staff reductions completed, resulting in 15% fewer positions, in addition to 10% reduction in 2023 Polestar (NASDAQ:PSNY), reports its preliminary unaudited financial and operational results for the three months ended March 31, 2024 and reports its global deliveries for the second quarter of 2024. This press release features multimedia. View the full release here: https://www.busine

USD 950 million external funding secured Geely Sweden Holdings intends to participate in future financing activities when required Richer product mix: global roll-out of two new SUVs to drive significant volume and profit margin progression expected in second half of the year Efficiency program delivers results Polestar Automotive Holding UK PLC (NASDAQ:PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding. The company is making strong progress on its strengthened business plan and achieving its 2025 targets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/

Total revenue of USD 613 million, an increase of 41% year on year 13,976 cars delivered, an increase of 51% Cash and cash equivalents of USD 951 million as of September 30, 2023 Polestar Automotive Holding UK PLC (("Polestar" or the "Company, NASDAQ:PSNY), the Swedish electric performance car brand, reports its preliminary unaudited financial and operational results for the three and nine months ended September 30, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231108507023/en/Polestar 2, Polestar 3, Polestar 4, Polestar 5 (Photo: Business Wire) Key financial highlights1 The below table summarizes key unaudited f

Cantor Fitzgerald downgraded Polestar Automotive Holding UK PLC from Overweight to Neutral

BofA Securities initiated coverage of Polestar Automotive Holding UK PLC with a rating of Neutral and set a new price target of $1.25

Deutsche Bank resumed coverage of Polestar Automotive Holding UK PLC with a rating of Hold and set a new price target of $1.50

Piper Sandler downgraded Polestar Automotive Holding UK PLC from Overweight to Neutral and set a new price target of $2.00 from $3.00 previously

Bernstein initiated coverage of Polestar Automotive Holding UK PLC with a rating of Underperform and set a new price target of $1.15

Piper Sandler initiated coverage of Polestar Automotive Holding UK PLC with a rating of Overweight and set a new price target of $3.00

Barclays downgraded Polestar Automotive Holding UK PLC from Equal Weight to Underweight and set a new price target of $3.00 from $5.00 previously

R. F. Lafferty initiated coverage of Polestar Automotive Holding UK PLC with a rating of Buy and set a new price target of $9.00

Citigroup resumed coverage of Polestar Automotive Holding UK PLC with a rating of Neutral and set a new price target of $5.00

Cantor Fitzgerald initiated coverage of Polestar Automotive Holding UK PLC with a rating of Overweight and set a new price target of $7.00