Good momentum in transforming our commercial operations and a favorable shift in the product mix towards higher margin models are expected to drive improvement in the gross margin through 2025. At the same time, the Company continues to implement further efficiencies across the organization to reduce costs.
Given the current uncertainty surrounding international tariffs and government regulations impacting Polestar’s business and market dynamics, Polestar is pausing its financial guidance for 2025.
Polestar continues to target compound annual retail sales volume growth of 30-35% for 2025 to 2027.
About Polestar:
Polestar is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific.
Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe.
Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar’s comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion.
