Welcome to our dedicated page for Polestar Automotive Holding UK news (Ticker: PSNYW), a resource for investors and traders seeking the latest updates and insights on Polestar Automotive Holding UK stock.
Polestar Automotive Holding UK Ltd (PSNYW) drives innovation in premium electric vehicles through cutting-edge design and sustainable engineering. This news hub provides investors and industry observers with essential updates on corporate developments shaping the future of electric mobility.
Track official announcements including quarterly financial results, new vehicle launches, and strategic technology partnerships. Our curated collection features press releases detailing manufacturing milestones, sustainability initiatives, and market expansion plans that demonstrate Polestar's leadership in high-performance EV development.
Discover how Polestar's commitment to carbon-neutral production and advanced driver-assistance systems positions the company within the competitive luxury EV sector. Regular updates provide insights into operational strategies while maintaining focus on long-term environmental goals.
Bookmark this page for streamlined access to verified information about PSNYW's progress in redefining sustainable transportation. Check back frequently for real-time updates on product innovations and corporate announcements directly from corporate sources.
Polestar (Nasdaq: PSNY) has published its third Annual Sustainability Report, highlighting significant progress in reducing CO2e emissions. The company achieved an 8% reduction in emissions per car sold compared to 2021, alongside a record 80% increase in vehicle deliveries, totaling nearly 51,500 cars in 2022. These reductions stem from improvements like using renewable energy and updating supply chains. Polestar's project aims for climate-neutral cars by 2030, with ongoing partnerships examining materials for sustainability.
Additionally, Polestar plans to file its Annual Report on Form 20-F by May 1, 2023.
Polestar Automotive Holding UK PLC (Nasdaq: PSNY) announced strong preliminary financial results for 2022, reporting total revenue of USD 2.5 billion, an impressive 84% year-over-year growth. The company delivered 51,491 cars, up 80% from 2021, driven by the success of Polestar 2. Cash and cash equivalents stood at USD 974 million as of December 31, 2022. However, operating loss increased to USD 1.29 billion, influenced by a one-time listing expense. For 2023, Polestar projects a 60% increase in global volumes, targeting approximately 80,000 cars. The company remains focused on enhancing its vehicle lineup and sustainability initiatives.
