Polestar has revised its revenue expectations, predicting a decline for 2024 due to lower-than-anticipated sales of its Polestar 3 and Polestar 4 models amidst a global EV price war.
This announcement comes alongside the need for significant amendments to financial statements from previous years due to accounting errors, including underreported assets and liabilities.
The importance of new model launches is paramount; Polestar aims to rejuvenate its sales with the upcoming releases, including the anticipated Polestar 5 sedan and Polestar 7 compact SUV.
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