Friday, 20 September 2024

Focus on Polestar Automotive Holding UK PLC

News Release

Polestar Announces Date of AGM and Board Changes

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is holding its Annual General Meeting (AGM) in London on 7 October 2024. Full details of the AGM,...

FILE PHOTO: A logo of Polestar is pictured on a car at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric VehiclesNewsTransport

EV firm Polestar taps former Stellantis finance executive as CFO

Jean-Francois Mady appointed CFO of Polestar as the EV maker faces tussle over EU tariffs and stiff competition.

FILE PHOTO: The Polestar 4 electric SUV is displayed at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/Brendan McDermid/File Photo
BusinessElectric VehiclesNewsPoliticsTrade

EV tariffs could hurt European companies and industry, Polestar CFO says

Polestar CFO warns EU and U.S. tariffs on China-made EVs could harm European industry, as Polestar shifts production.

A logo of Polestar is pictured on a car at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang
AutomotiveBusinessElectric VehiclesNewsTransport

Polestar shares rebound on funding boost, margins reassure

Polestar shares rise after announcing $1.3bn in external funding after months of setbacks.

FILE PHOTO: A Tesla logo is seen on the body of its electric vehicle (EV) during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photo
Electric VehiclesNewsPoliticsTrade

Tesla asked Canada for lower tariff on China-made EVs: govt source

Tesla sought a lower tariff on Chinese-made EVs before Canada imposed a 100% duty, similar to the EU's approach.

A guest looks at the Polestar 3 SUV during the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
AutomotiveBusinessElectric VehiclesNewsPoliticsTransport

Swedish EV maker Polestar starts U.S. production, avoiding heavy tariffs

Polestar begins production in South Carolina facility on electric SUVs in move to avoid tariffs on Chinese-made cars.

FILE PHOTO: Volvo reveals their new Volvo EX30 fully-electric small SUV vehicle during an event in Milan, Italy June 7, 2023. REUTERS/Claudia Greco/File Photo
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Volvo Cars blames EU tariffs as it cuts 2024 sales forecast

Volvo produced 211,900 cars in the second quarter, more than it sold amid the decline in European demand for EVs. 

China has spearheaded a targeted industrial strategy to boost its EV sector, pouring vast state funds into domestic firms (AFP)
AnalysisBusinessElectric VehiclesFinanceIn-DepthPoliticsTrade

Why are Chinese EVs facing EU scrutiny and tariffs?

Beijing has yet to react but a Chinese trade group condemned the bloc's "protectionism".

FILE PHOTO: A Polestar 2 electric car is seen in Stockholm, Sweden in this undated photo obtained February 27, 2019. Polestar/Handout via REUTERS
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Polestar posts loss, plans steps to offset tariffs on China-made EVs

The Swedish company currently makes all its electric vehicles in China.

The Polestar 4 electric SUV is displayed at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/Brendan McDermid/File Photo
AutomotiveBusinessElectric VehiclesFinanceNewsTransport

Polestar reports decline in 2023 revenue as EV maker grapples with slowing demand

EV-maker Polestar said on Friday, that its 2023 revenue fell about 3% and its losses widened as it grappled with slowing demand

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