Headlines
Polestar's third-quarter vehicle sales jump on resilient EV demand
Published by Global Banking & Finance Review®
Posted on October 9, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 9, 2025
2 min readLast updated: January 21, 2026
Polestar's Q3 vehicle sales rose 13% due to strong EV demand in Europe, despite macroeconomic challenges. The company sold 14,192 cars, focusing on European growth.
(Reuters) -Polestar's third-quarter vehicle sales jumped, bolstered by resilient demand in the Swedish electric-vehicle maker's home market of Europe despite a tough macroeconomic backdrop marked by tariffs and cautious consumer spending.
The company sold an estimated 14,192 cars in the third quarter, a rise of 13% over the year earlier, it said in a statement on Thursday.
Polestar has rolled out discounts and leasing incentives to boost EV sales, while U.S. trade tariffs on global trade partners weighed heavily on the automotive industry, prompting manufacturers to reconfigure supply chains and relocate production to soften the blow.
"The third quarter saw continued growth, and we have now sold as many cars as in the whole of 2024," Polestar CEO Michael Lohscheller said.
"Despite continued external headwinds and challenging market conditions, our line-up and strong order intake provide a solid basis for growth in the fourth quarter," he said.
High debt burden and persistent losses also pushed Polestar to pivot strategically toward Europe, as it aimed to offset sagging demand in the U.S., where consumers remain wary of large purchases and increasingly favor hybrid and gasoline-powered vehicles.
The company reported a wider second-quarter loss last month, after tariffs and price pressure led to an impairment charge of its Polestar 3.
"We will not grow in the U.S. at any cost, because the financial exposure is then too high," company executives had then said.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)
An electric vehicle (EV) is a type of automobile that is powered by electricity instead of traditional fuels like gasoline or diesel. EVs are known for being environmentally friendly and often have lower operating costs.
Consumer spending refers to the total amount of money spent by households on goods and services. It is a key driver of economic growth and reflects consumer confidence in the economy.
A supply chain is a network of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer. It includes everything from production to delivery.
A strategic pivot is a fundamental shift in a company's business strategy. It often involves changing the focus of the business to adapt to new market conditions or consumer demands.
Explore more articles in the Headlines category
