14亿加仓新势力，李书福被坑惨了

Core Viewpoint - Polestar Automotive is facing a significant decline in stock price and is at risk of delisting from NASDAQ due to its stock price remaining below $1 for an extended period, with a current price of approximately $0.5 [1][3] Financial Performance - For the first half of 2025, Polestar reported revenue of $1.423 billion and a net loss of $1.193 billion, representing a year-on-year decline of 119.37% [1][6] - The company's debt-to-asset ratio stands at 217.11%, indicating it is in a state of insolvency [1][6] - Cumulatively, Polestar has incurred nearly $6 billion in net losses from 2021 to the first half of 2025 [6] Market Position and Sales - Polestar's vehicle sales from 2021 to 2024 were 29,000, 51,500, 54,626, and 44,851 units respectively, with the highest annual sales in China being only 2,048 units [3] - In the first ten months of 2025, Polestar's domestic sales have nearly stalled, with only 163 vehicles sold [3] Strategic Adjustments - The company has closed its last physical store in China and is shifting to an online sales model to adapt to changing consumer demands [5] - Polestar currently offers only one model, the Polestar 4, while the Polestar 2 has been discontinued and the Polestar 3 is not yet available [5] Investment and Support - Geely Holding Group has injected $200 million into Polestar to support its operations, but this investment has already seen a loss of over 50% in value within five months [1][8] - Geely views Polestar as a strategic asset for its global expansion, contributing to 13% of the group's total exports in the first three quarters of 2025 [8]