May. 7 at 12:11 PM
$PSNY
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Record first quarter volumes of 13,126 cars, a growth of 7% year-on-year
Largest product offensive launched: four new models planned in next three years
Performance impacted by intensified competition, EU and US tariffs, FX and seasonality offsetting continued cost reductions
Strengthened capital structure and improved liquidity position
Cash position of USD 676 million as of end Q1 2026
Michael Lohscheller, Polestar CEO, said: “The first quarter saw us deliver strong volume growth in a very competitive market. With implemented steps to improve our cost base being offset by more challenging market conditions, we are accelerating efforts to adjust our business model, become leaner and improve manufacturing efficiencies