Transportation
Polestar Plans Cuts as EV Tariffs, Price Pressure Deepen Loss
- Swedish EV maker’s operating loss increased 5% in quarter
- Seven new market launches in 2025 seen as key to drive growth
A 2024 Polestar 3 electric vehicle.
Photographer: Graham Hughes/BloombergThis article is for subscribers only.
Polestar Automotive Holding UK Plc is making more cost cuts after losses deepened in the first quarter as tariff barriers grow and price pressures increase for electric-vehicle makers.
The Swedish manufacturer posted a $232 million operating loss for the three months through March, 5% wider than the comparable period last year.