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Polestar Announces New Board Chair and Strengthens Board of Directors

Håkan Samuelsson to retire; Winfried Vahland appointed Board Chair Carla De Geyseleer chooses not to stand for re-election Strengthening of Board through appointment of two additional directors with significant automotive, finance and reporting expertise GOTHENBURG, Sweden --(BUSINESS WIRE)--Jun.

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Polestar expands commercial footprint and retail operations; announces plans to enter seven new markets during 2025

Polestar (Nasdaq: PSNY) is expanding its commercial footprint and retail operations across existing and new markets, as its model line-up continues to grow.

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Polestar expects to publish its full year 2023 and first quarter 2024 results by the end of June

Polestar (Nasdaq: PSNY) announces that it expects to file its Annual Report for 2023 on Form 20-F and publish its preliminary unaudited financial and operational results for the first quarter of 2024 by the end of June.

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Polestar acknowledges receipt of deficiency notice from Nasdaq

Polestar (Nasdaq: PSNY) announces that, as a consequence of not having filed its Annual Report on Form 20-F for the fiscal year ended 31 December 2023, the Company has received a deficiency notice from The Nasdaq Stock Market, LLC confirming that it is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the U.S. Securities and Exchange Commission. 

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Polestar reduces relative greenhouse gas emissions by 9% per sold car and discloses 2040 climate roadmap

Polestar (Nasdaq: PSNY) has published its Sustainability Report for 2023. The Swedish electric performance car brand continues to make significant progress on its climate targets, achieving a reduction of 9% in relative greenhouse gas emissions per sold car in 2023.

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Polestar announces global volumes for the first quarter; growing line-up of luxury SUV’s to drive revenue and margin progression

Polestar (Nasdaq: PSNY) delivered approximately 7,200 cars in the first quarter, including 1,200 Polestar 4 in China. 

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Polestar showcases growing line-up of performance SUVs in New York

2024 is the year of the product offensive for Polestar. The Swedish performance electric car brand is participating in the New York International Auto Show for the first time, showcasing its luxury SUVs, the Polestar 3 and Polestar 4.

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Polestar secures USD 1 billion external funding; business outlook confirmed

USD 950 million external funding secured Geely Sweden Holdings intends to participate in future financing activities when required Richer product mix: global roll-out of two new SUVs to drive significant volume and profit margin progression expected in second half of the year Efficiency program

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Polestar 3 production starts; early test production successful in USA

Production of Polestar 3 has started in Chengdu, China. Additional production is slated to start in South Carolina, USA, in the middle of 2024. The first early production test series in the American factory has been completed successfully.

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Polestar welcomes Geely’s long-term commitment to its development and growth as an independent exclusive performance brand

Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, welcomes Geely Sweden Holding as a potential direct new shareholder. Volvo Cars is evaluating a potential adjustment to its shareholding in Polestar including a distribution of shares to its shareholders, with Geely Sweden Holding being the primary recipient. Volvo Cars will remain a strategic partner in areas across R&D, manufacturing, after sales and commercial.

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Polestar 4 now on sale in Europe and Australia

Polestar 4 is now officially on sale in Europe and Australia. Following start of production and first deliveries in China at the end of 2023, online sales commence with a starting indicative price of EUR 63,200 and AUD 81,500. Production is planned to start towards the middle of 2024, with first deliveries expected from August.

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Polestar announces global volumes for the fourth quarter, including a strong start to Polestar 4 deliveries

Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, reports its global deliveries for the fourth quarter of 2023.