Polestar reported a second-quarter operating loss of $242.3 million, signaling a 12% reduction from Q2 last year, but revenue fell by 17% to $574.9 million.
Despite the losses, Polestar remains optimistic about the second half of the year, particularly looking towards promising sales growth of its premium SUVs in Q4.
The company delivered 13,150 units in Q2, an 82% increase from Q1, with sales boosted significantly in markets like the U.S., Sweden, and Germany.
Polestar is set to launch in seven new markets by 2025, expanding its global presence, and recently announced Michael Lohscheller as the new CEO.
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