POLESTAR AUTO.ADR/C1 Aktie

Polestar says communications with the US Commerce Department led it to expect approval to continue selling its EVs, but its application was denied despite Volvo receiving authorization under a similar ownership structure. The company says it offered mitigation measures such as audits, data storage limits and restrictions on remote access, which BIS declined to discuss. Polestar will halt US sales starting with the 2027 model year, is pressing the administration for an explanation and faces a dealer lawsuit alleging it engineered the exit. » More on theverge.com

Polestar said it will stop selling vehicles in the US from the 2027 model year after federal authorities denied authorization over Chinese-origin connected vehicle software, creating uncertainty for thousands of owners and dozens of dealers. Dealers must continue honoring warranties and lease returns, but some service centers are already dissolving and dealers face heavy fixed costs and potential closures. Polestar says warranties and support will be maintained while dealers and owners worry about software updates, resale values and how a reduced dealer network will handle future service needs. » More on theverge.com

Polestar achieved a record delivery volume of 30,423 vehicles in the first half of 2026 (+0.4% year on year); 17,296 units were sold in the second quarter (-4.0%). Excluding the US business, H1 deliveries rose to 28,562 vehicles (+3.1%) and the sales network was expanded to 235 locations (+39%). Production of the SUV Polestar 4 has started, customer deliveries of the Polestar 5 are due to begin, and initial Polestar 4 deliveries are expected in Q4. Despite 50% revenue growth over the past twelve months, the company remains unprofitable with high cash burn; the stock fell 42% over the past year and trades at $18.92 (market capitalization $2.74bn). » More on de.investing.com