PSNY

The New Jersey dealer is seeking at least $25 million in damages after the Chinese-owned automaker's exit from the U.S.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar's (Nasdaq: PSNY) retail sales in the first half of 2026 amounted to a record estimated 30,423 cars. In the second quarter, retail sales were an estimated 17,296 cars. Michael Lohscheller, Polestar CEO, says: “Delivering record sales in the first half of the year, despite regulatory and market headwinds, is a significant achievement. We continue to make progress across the business, delivering strong growth in several key markets, especially in the U.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Geely Sweden Holdings AB and Volvo Cars completed previously announced debt-to-equity conversions. On 30 June 2026, approximately USD 300 million and USD 66 million of their respective outstanding shareholder loans were converted into Polestar's equity. This brings the total of debt converted by the parties into Polestar's equity to approximately USD 640 million since the beginning of 2026. As previously announced, the r.

When Ryan Rodriguez landed a great deal on a model year 2024 Polestar earlier this month, he did ​not anticipate the brand would soon be in trouble in the United States.

Polestar says the Trump administration is forcing it to stop selling EVs in the U.S. starting with the 2027 model year under connected vehicle rules.

A government rule prohibiting Chinese software in cars resulted in Polestar bowing out of the U.S. market.

Swedish electric vehicle manufacturer Polestar, owned by Chinese automotive giant Geely, will no longer be able to sell its new cars in the U.S. market, the company said on Thursday, as the Trump administration's Department of Commerce refused to authorize the company to do so.

Electric-vehicle maker Polestar said on Thursday that the U.S. did not grant it authorization to sell vehicles ​in the country from model year 2027 onwards, effectively banning ‌it from selling cars in the United States.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is increasing its strategic focus on Europe, which currently represents close to 80% of the Company's retail sales volumes, by continuing to expand its sales network and preparing to localize the manufacturing of future models. This follows a decision from the U.S. Department of Commerce's Bureau of Industry and Security to not grant Polestar an authorization under the current Connected Vehicle Rule to sell vehicles in the U.S. from m.

China EV stocks are in a strong freefall this year as investors remain pessimistic about their growth prospects. Nio stock slipped to $5 on Friday, down nearly 30% from its May high, and is hovering at its lowest level since March 9.