Polestar Automotive Holding UKNASDAQ: PSNY

The shares of Sweden-based EV maker Polestar (NASDAQ: PSNY ) stock are retreating about 9% today even though the electric vehicle company reported that its deliveries had surged in the second quarter. The automaker also confirmed that it had reduced its workforce by 15% this year, in-line with its previous commitment.

The company delivered about 13,000 cars in the second quarter, bringing the total for the year so far to about 20,000 vehicles.

Electric vehicle (EV) maker Polestar said it will have to take steps to offset hefty EU and U.S. import tariffs on its Chinese-made electric cars as it posted a first-quarter operating loss on Tuesday.

Polestar's (PSNY) revenues in 2023 decline 3%, mainly due to increased discounts and lesser carbon credit sales.

24/7 Insights The Polestar Automotive Holding (NASDAQ: PSNY) chairperson has stepped down.

GOTHENBURG, Sweden--(BUSINESS WIRE)--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. Håkan Samuelsson has been a part of Polestar's journey since the brand was launched as the ele.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is expanding its commercial footprint and retail operations across existing and new markets, as its model line-up continues to grow. The company is widening its retail footprint with existing and new partners, as part of a shift to a non-genuine agency sales model across Europe. Customers will still be able to configure and order their Polestar online, as well as through the expanding network of Polestar Spaces and service locations,.

RONKONKOMA, N.Y.--(BUSINESS WIRE)-- #biopharma--Qosina, a global supplier of OEM single-use components to the medical and pharmaceutical industries, has partnered with Polestar Technologies, a leader in optical sensing technologies since 1993, specializing in the monitoring of O2, CO2 and pH. Qosina is pleased to announce the addition of iDOT Single-Use Sensor Bag Ports from Polestar Technologies to its extensive portfolio. These integrated Disposable Optical Transducer (iDOT™) gamma-stable bag ports offer.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that it expects to file its Annual Report for 2023 on Form 20-F and publish its preliminary unaudited financial and operational results for the first quarter of 2024 by the end of June. Further details, including publication date and links to the live audio webcast, will be made available in due course. Verified shareholders are able to ask questions through the Say Technologies platform, accessible via https://app.saytechno.