PSNY Expands Europe Sales
Polestar expands sales network in Europe, which accounts for 80% of retail sales, and prepares to localize manufacturing of future models
Polestar (Nasdaq: PSNY ) is increasing its strategic focus on Europe, which currently represents close to 80% of the Company’s retail sales volumes, by continuing to expand its sales network and preparing to localize the manufacturing of future models.
This follows a decision from the U.S.
Department of Commerce’s Bureau of Industry and Security to not grant Polestar an authorization under the current Connected Vehicle Rule to sell vehicles in the U.S. from model year 2027 onwards.
The Company will continue to sell existing stock of Polestar 3 and Polestar 4 in the U.S. and will continue to support customers, including providing access to its service network.