He also pointed to service coverage through Volvo Cars, stating Polestar customers have access to more than 1,200 service points via the Volvo service network.Polestar also emphasized a shift in its go-to-market approach. Lohscheller said the company is moving “from showing to active selling,” underscoring the role of dealers in delivering a premium customer experience. He said Polestar expanded from 140 to 210 sales points during 2025 and is targeting 30% growth in sales points in 2026. In response to a la ...

Geely-owned Polestar has set out plans to broaden its electric vehicle (EV) portfolio with four new models scheduled between 2026 and 2028, as part of its next growth phase. It represents what the Swedish EV manufacturer described as “largest” product expansion in its history. The rollout will begin with the Polestar 5 four-door grand tourer, with deliveries due to start in summer this year. Later this year, in the fourth quarter, the company intends to introduce a new variant of the Polestar 4 SUV to ...

Polestar Automotive (NasdaqGM:PSNY) Update / briefing February 18, 2026 07:00 AM ET Company ParticipantsAnna Gavrilova - Head of Investor RelationsFredrika Klarén - Head of SustainabilityGiacomo Reghelin - Equity Research Senior AssociateMichael Lohscheller - CEOPhilipp Römers - Head of DesignStephanie Johansson - HostNone - Video NarratorConference Call ParticipantsAndres Sheppard - Managing Director and Senior Equity AnalystCamille Obeid - Equity Research AnalystStephanie JohanssonHello, everyone, and wel ...

Core Viewpoint - The article discusses the emerging trend of eliminating rear windows in car designs, exemplified by models like Polestar 4 and Polestar 5, which utilize advanced camera technology to replace traditional rear windows, indicating a significant shift in automotive design philosophy driven by technological advancements [3][6][11]. Design Innovations - Polestar 4 features a "no rear window" design, replacing it with a solid panel and a wide-angle camera that streams real-time images to an internal display [3]. - Other brands like Jaguar, Audi, and Ferrari are also moving towards designs with closed rear ends or minimal window openings, indicating a broader industry trend [6][8]. - Audi's Concept C integrates narrow horizontal slits at the rear for light and aesthetic purposes, while Ferrari's 812 Competizione uses solid aluminum to enhance aerodynamics and performance aesthetics [10][12]. Technological Drivers - The shift towards no rear windows is attributed to advancements in technology, including high-definition external cameras and internal displays, which allow for improved visibility without the need for glass [14][15]. - The design changes are also influenced by safety standards that require stronger vehicle structures, which inadvertently reduce rear visibility [12][14]. Historical Context - The concept of cars without rear windows is not new; historical models from the 1930s, such as the KdF V30 prototype and Tatra 77, also featured designs that minimized or eliminated rear visibility for aerodynamic benefits [16][19]. - Legal frameworks, such as the U.S. Federal Motor Vehicle Safety Standards, allow for alternative visibility solutions, providing a regulatory basis for the adoption of camera systems instead of traditional windows [23]. Controversies and User Experience - There are ongoing debates regarding the impact of no rear windows on passenger experience and driver visibility, with some users expressing discomfort and concerns about the reliance on camera systems [24][25]. - While 90% of Polestar 4 customers reportedly accept the design, issues such as a sense of enclosure for rear passengers and the need for drivers to adapt to the absence of a rear window remain significant challenges [25][27]. - Critics argue that the benefits of removing the rear window must be weighed against potential drawbacks in user experience, especially before the full realization of autonomous driving technology [29].

Core Viewpoint - Polestar has secured a USD 300 million equity investment from Banco Bilbao Vizcaya Argentaria, S.A. and NATIXIS, enhancing its liquidity and balance sheet strength [1][3] Investment Details - Each financial institution is investing USD 150 million, and they have entered into a put option arrangement with Geely Sweden Holdings AB, allowing for an exit path in three years [1] - Geely Sweden Holdings AB will convert approximately USD 300 million of outstanding principal and interest owed by Polestar into equity, pending regulatory approvals [2] - The price per Class A ADS for the investment will be USD 19.34, based on the volume-weighted average price over the last three months [3] Company Background - Polestar is a Swedish electric performance car brand focused on design and sustainability, with operations in 28 markets globally [5] - The company has four models in its lineup and plans to introduce additional models, including the Polestar 7 compact SUV in 2028 [6] Sustainability Commitment - Polestar aims to halve greenhouse gas emissions per vehicle sold by 2030 and achieve climate neutrality across its value chain by 2040, focusing on Climate, Transparency, Circularity, and Inclusion [7]

Group 1: Credit Agreement - Polestar has entered into a credit agreement with a subsidiary of Geely Sweden Holdings AB for a subordinated term loan facility of up to USD 600 million, with the last USD 300 million contingent on lender consent based on Polestar's future liquidity needs [1] Group 2: Company Overview - Polestar is a Swedish electric performance car brand focused on design and innovation, aiming to accelerate the transition to a sustainable future, with its headquarters in Gothenburg, Sweden, and availability in 28 markets globally [2] - The company currently offers four models: Polestar 2, Polestar 3, Polestar 4, and Polestar 5, with future models including the Polestar 7 compact SUV planned for 2028 and the Polestar 6 roadster [3] Group 3: Sustainability Commitment - Polestar is committed to sustainability, aiming to halve greenhouse gas emissions per vehicle sold by 2030 and achieve climate neutrality across its value chain by 2040, with a comprehensive strategy focusing on Climate, Transparency, Circularity, and Inclusion [4]

Core Viewpoint - Polestar has received a warning from Nasdaq for failing to comply with the minimum bid requirement of $1.00 per share, with its current stock price at $0.84, close to its 52-week low of $0.82 [1][3] Group 1: Stock Performance - Polestar's stock has been below $1.00 since the end of September, with a significant drop from its 52-week high of $1.42 [3] - The company has until April 29 of the following year to regain compliance, requiring the stock price to be at least $1.00 for ten consecutive trading days [3] - If compliance is not achieved, Polestar may receive an additional grace period of up to 180 days [3] Group 2: Business Highlights - Despite stock concerns, Polestar reported a 13% year-over-year increase in retail sales for Q3, totaling 14,192 vehicles, and a 36% increase year-to-date, reaching 44,482 vehicles [3] - The company unveiled the production version of Polestar 5 at the Munich Motor Show, featuring a bold design, a 112 kWh battery, and a maximum power output of 872 horsepower (650 kW / 884 PS) [3] - On October 1, Polestar launched the upgraded Polestar 3, which includes a new 800V electrical architecture, new battery, and enhanced motor for improved acceleration, power, and efficiency [3]

Core Insights - Polestar has shut down its two R&D sites in the UK and laid off 130 staff, shifting R&D efforts to its headquarters in Sweden [1][2] - The decision follows the completion of engineering work for the Polestar 5 model, indicating a strategic focus on centralizing operations [2] - Polestar is majority-owned by Chinese conglomerate Geely and has been focusing more on the European market due to challenges posed by US tariffs [3] Company Performance - Polestar sold a record 2,758 vehicles in the UK last month, but reported a significant net loss of $1.03 billion in Q2 2025 [3] - The company’s sales performance lags behind Tesla, which had nearly 8,000 new registrations in the UK during the same period [4] - In January 2024, Polestar announced plans to cut 450 jobs globally, representing about 15% of its workforce [4]

Core Insights - Polestar has shut down its two R&D sites in the UK and laid off 130 staff as part of a strategic shift to centralize R&D efforts in Sweden [1][2] - The decision follows the completion of engineering work for the Polestar 5 model, indicating a focus on streamlining operations [2] - The company is facing financial challenges, reporting a net loss of $1.03 billion in Q2 2025, while also experiencing a significant cash burn [3] Company Strategy - Polestar is centralizing its R&D work at its headquarters in Sweden to create a leaner organizational structure [2] - The company aims to focus on developing high-performance electric vehicles (EVs) [2] Market Position - Polestar's sales in the UK reached a record of 2,758 vehicles last month, but still lag behind Tesla, which had nearly 8,000 new registrations in the same period [3][4] - The company has increasingly shifted its focus to Europe due to challenges posed by US tariffs on the global auto industry [3] Workforce Changes - In January 2024, Polestar announced plans to cut 450 jobs globally, representing about 15% of its workforce [4]

Core Viewpoint - Polestar has closed its last physical retail store in China, indicating a strategic shift in its business model to better align with the rapidly changing consumer demands in the Chinese market. This does not signify an exit from the Chinese market, as existing customer rights will remain unaffected [2][3]. Group 1: Business Strategy and Operations - Polestar is transitioning to an online sales model, with consumers able to access product information and purchase through digital channels. However, the online purchasing system has been closed, and test drive services are no longer offered [5]. - Despite poor sales performance in China, Polestar has established China as its most important production base, with models being produced in various cities for global markets. The production lines have shifted to focus on export-oriented models [7]. - In the first three quarters of the year, Polestar's global sales approached 45,000 units, with most vehicles produced in China [7]. Group 2: Sales Performance - In Q3 2025, Polestar's global retail sales reached 14,192 units, a year-on-year increase of 13%. Cumulatively, sales for the first nine months were approximately 44,482 units, reflecting a growth of 36% [8]. - In stark contrast, Polestar's sales in China have been dismal, with only 69 units sold in the first half of the year. This includes 56 units in January and only 1 unit in March [8]. Group 3: Financial Performance - As of the end of 2024, Polestar's total assets amounted to $40.54 billion, with liabilities at $73.83 billion, resulting in a negative net asset of $33.29 billion. Cumulatively, Polestar has incurred losses exceeding $5.1 billion from 2020 to 2024, with a single-year net loss of $2 billion in 2024 [8]. - Since its IPO in 2022, Polestar's stock price has plummeted by 90%, and it received a compliance notice from NASDAQ due to its stock price falling below $1 [13]. Group 4: Management and Organizational Changes - Polestar has been undergoing significant organizational changes, including a 10% workforce reduction and a focus on cost management. The company has also been reducing its presence in China, including the closure of its direct sales channels [10]. - The management team in China has seen instability, with seven different leaders in eight years. Recently, there has been a major overhaul of the global management team [12]. Group 5: Future Outlook - Polestar aims to achieve an annual retail sales growth of 30% to 35% from 2025 to 2027 and is targeting profitability by 2025 [12].