Polestar Automotive Holding UK PLC Sponsored ADR Class C (PSNYW) has released an update.
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Polestar Automotive reports a significant 82% growth in Q2 2024 car deliveries compared to the previous quarter, with 13,150 vehicles delivered. Key financial adjustments have positively impacted cash flow, including a 30% improvement in inventory turnover and securing an additional USD 300 million in funding. The company’s recent executive appointments and the commencement of deliveries for the Polestar 4 SUV coupé in Europe, along with the production start of the luxury Polestar 3 SUV in the USA, signal strategic expansion and leadership strengthening.
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