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Polestar Automotive Holding UK PLC Sponsored ADR Class C ( (PSNYW) ) just unveiled an announcement.
Polestar has reported a 5.3% increase in retail sales and a significant 37.2% rise in order intake for the fourth quarter of 2024 compared to the same period in 2023. Despite a 15% decrease in overall annual retail sales for 2024, the surge in order intake, notably driven by its Polestar 3 and Polestar 4 models, indicates strong momentum for the company as it moves into 2025. This growth reflects positive changes in the company’s commercial operations and signifies a robust positioning in the electric vehicle market as it aligns its sales definition with industry standards.
More about Polestar Automotive Holding UK PLC Sponsored ADR Class C
Polestar Automotive Holding UK PLC is a Swedish electric performance car brand focused on advancing sustainable mobility through design and technology. Headquartered in Gothenburg, Sweden, Polestar operates in 27 markets across North America, Europe, and Asia Pacific, with plans to expand further. The company offers a growing line-up of electric vehicles, including Polestar 2, Polestar 3, and Polestar 4, with future models such as Polestar 5 and Polestar 6 expected by 2026. Polestar’s ambitious Polestar 0 project aims to produce a climate-neutral production car by 2030.
YTD Price Performance: 39.33%
Average Trading Volume: 411,704
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.37B
Learn more about PSNYW stock on TipRanks’ Stock Analysis page.
