Polestar Reports Higher Q3 Sales As US Ban Looms

Electric vehicle maker Polestar posted a one percent rise in third-quarter retail sales to 14371 units. The increase comes as the company faces a US ban on China-linked connected vehicles and pivots its focus toward the European market.

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A logo of Polestar is pictured on a car at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang

POLESTAR AUTOMOTIVE-CL A ADS posted a 1% rise in third-quarter retail sales to 14,371 units on Thursday, despite an impending U.S. sales ban. The Swedish EV maker faces mounting pressure as Washington restricts China-linked vehicles.

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