PSNY News & Events

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.

Polestar announced earlier today that "despite a challenging geopolitical and economic environment," it delivered its best year ever in terms of retail sales in 2025. "In 2026, with a disciplined approach, the Company expects to deliver low double-digit retail volume growth. The sales mix is expected to continue to evolve with an increasing share of Polestar 4. Further, the Company aims to focus more on the retail channel, supported by the continued expansion of the network and its attractive model line-up, to drive quality sales growth," Polestar said in a statement. By 2028, Polestar plans to bring the four new models to the market: Polestar 5, Polestar 4, Polestar 2, and Polestar 7. Michael Lohscheller, Polestar CEO, said, "Following our best sales year ever, we are now launching the largest model offensive in our history, with four premium EVs coming to market within three years. We are targeting the heart of the EV market, where customer demand and profit pools are high. Combined with our continued retail sales network expansion and a growing customer base, we are setting the foundations for profitable growth and operational improvement." Shares of Polestar closed the trading day down 3% to $16.36.