PSNY News & Events

Reports retail sales of 60,119 cars, up 34% year-over-year. Michael Lohscheller, Polestar CEO, said: "2025 was a record year for Polestar, with retail sales of over 60,000 cars and revenue surpassing $3B. Our strong commercial performance was driven by the expansion of our sales network and strength of our model line-up. Since June 2025 to-date, we have strengthened our balance sheet and improved our debt and liquidity positions through a total of $1.2B in equity injections, approx. $0.6B debt-to-equity conversions, partially executed and planned, and an agreement of a three-year extension of the $0.7B shareholder loan. In 2026, our operational focus will be on the continued expansion of our sales network, growing our sales points by a planned 20%, to coincide with the largest model offensive in our history, with four new models planned during the next three years. While we expect market conditions to become more challenging, amid ongoing geopolitical developments, we will continue to drive financial performance, building on our achievements in 2025, with an improved model mix, sustained cost reduction and financial discipline."

The company said, "Polestar has continued to make major strides in its commercial transformation supported by accelerated retail expansion and the strength of its attractive model line-up in a challenging geopolitical and economic environment. Looking to 2026, the global environment is expected to remain highly uncertain given recent geopolitical developments. As previously indicated, retail sales volumes are expected to increase at a low double-digit rate, with a continued focus on quality revenue. The sales mix is expected to further evolve with an increasing share of Polestar 4 coupe, our best-selling model, complemented later in 2026 with the introduction of new Polestar 4 SUV variant."

Polestar retail sales amounted to an estimated 13,126 cars in Q1 2026, a growth of 7% compared to Q1 2025. 230 retail sales points are currently in operation, compared to 154 at the end of Q1 2025, representing a growth of 50%. Michael Lohscheller, Polestar CEO, says: "Following a record 2025, we've delivered our highest ever first quarter retail sales figure of 13,126 cars. Growth compared to the first quarter last year totalled 7%, with a strong performance in key markets such as Australia, Germany, Sweden, South Korea and the UK, testament to the hard work of our teams and our established brand position. Our performance in the first quarter has shown resilience, with market conditions becoming more challenging, amid ongoing geopolitical developments."

Polestar announced a total of $300M in equity investments by purchasers including Credit Agricole CIB, Vida Finance, Innovator Limited and Proximastar Holdings. Concurrent with the purchase, these purchasers have each entered into a put option arrangement with a wholly-owned subsidiary of Geely Sweden Holdings AB, which provides the purchasers with an exit path, if needed, in three years with certain returns, as part of this equity financing arrangement. The terms are similar to the equity financing arrangements announced by the company in December 2025 and February. Following the closing of the transaction, none of the purchasers will own more than 5% of Polestar's outstanding equity. The price per Class A to be purchased at the closing will be $19.34, which is the same price as in the equity financings in December 2025 and February. The purchasers will not have any restrictions on the sale of the Class A ADSs they receive, subject to any applicable securities laws. The transactions are expected to close by March 19 as no regulatory approvals are required.