Polestar sales dip 4% in Q2

Geely-owned Polestar's 2nd 4th retail income dropped 4% year-on-year, coming conscionable days aft the Geely-backed EV shaper confirmed it would beryllium excluded from the US marketplace starting with the 2027 exemplary year.

The institution delivered an estimated 17,296 vehicles successful the 2nd 4th of 2026, compared with 18,026 units successful the aforesaid play past year.

With US figures stripped out, quarterly retail income declined 3.9% to 16,175 cars, down from 16,818.

Looking astatine the archetypal six months of 2026, Polestar's wide retail income edged up 0.4% to scope 30,423 vehicles, against 30,289 units successful the archetypal fractional of 2025 – a fig the institution described arsenic a "record".

Excluding the US market, first-half income climbed 3.1% to 28,562 cars.

Polestar CEO Michael Lohscheller said: "Delivering grounds income successful the archetypal fractional of the year, contempt regulatory and marketplace headwinds, is simply a important achievement.

"We proceed to marque advancement crossed the business, delivering beardown maturation successful respective cardinal markets, particularly successful the UK, Germany, South Korea and the Iberia region."

Going forward, Polestar said it volition study retail income figures separately with US numbers excluded, a displacement that follows the caller ruling by US authorities nether the Connected Vehicle Rule.

The automaker announced successful precocious June that it would cease conveyance income successful the US from 2027 onwards, aft the Bureau of Industry and Security (BIS), portion of the US Department of Commerce, declined to o.k. its exertion nether the rule.

The Connected Vehicle Rule is simply a nationalist information measurement that prohibits the import and merchantability of connected vehicles on with associated bundle and hardware linked to overseas adversary nations, spanning technologies specified arsenic Bluetooth, Wi-Fi, cellular connectivity and definite outer connection systems.

US officials person pointed to concerns astir information postulation from American conveyance owners arsenic justification for the rule, which is aimed astatine vehicles with ties to China.

Introduced successful January 2025 nether then-President Joe Biden, the regularisation has continued to use nether President Donald Trump's administration.

Polestar said it intends to support selling its existing US inventory of the Polestar 3 and Polestar 4 models.

"Polestar income dip 4% successful Q2" was primitively created and published by Just Auto, a GlobalData owned brand.