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Polestar is broadening its commercial and retail operations across existing and new markets as its vehicle lineup continues to expand. Polestar is rapidly expanding its geographic reach, planning to enter seven new markets across Asia, Europe and Latin America in 2025. France, the European Union’s second-largest electric car market after Germany, offers a significant opportunity. Additionally, PSNY aims in the Czech Republic, Slovakia, Hungary, Poland, Thailand and Brazil through local distribution partnerships.
In May, Polestar received a deficiency notice from Nasdaq for not filing its 2023 Annual Report on Form 20-F, violating the Nasdaq Listing Rule on timely filings with the SEC. The company now intends to submit its 2023 Annual Report on Form 20-F and release its preliminary unaudited financial and operational results for the first quarter of 2024 by the end of June.
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