Hyperdrive
EV Maker Polestar Looking for New Funds After First-Half Sales Jump 125%
- Carmaker faces questions over sufficient cash for 2022 needs
- “Not a problem on the demand side,” CEO says in interview
A Polestar 2 electric vehicle during the IAA Munich Motor Show in Munich, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Electric-vehicle maker Polestar Automotive Holding is weighing a range of options to finance its expansion after sales more than doubled in the first half of this year.
The Swedish company, which listed in New York in June, delivered 21,200 cars in the first six months of 2022, a 125% increase from the same period last year, the EV maker said Wednesday in a statement.