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Polestar Automotive Holding Uk Plc PSNY

POLESTAR AUTOMOTIVE HOLDING UK PLC (Polestar) is a Swedish-based electric vehicle manufacturer. Company's portfolio includes Polestar 1, Polestar 2, Polestar 3, Polestar 4 and Polestar 5. Polestar products are currently available on markets across Europe, North America, China and Asia Pacific. Polestar cars are currently manufactured in two facilities in China. Polestar produces electric cars to reduce gas emmisions and develop new technologies to further minimize the carbon footprint.


NDAQ:PSNY - Post by User

Post by ecolo101on Jun 27, 2024 3:50pm
66 Views
Post# 36109547

If they deliver on their statement

If they deliver on their statement

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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