Polestar Cuts 2023 EV Sales Forecast As Deliveries Slip To 13,976 Vehicles In Q3

Polestar has reduced its delivery forecast for the current calendar year and expects to deliver approximately 60,000 vehicles in 2023. As of May it was targeting 80,000 sales, but trimmed that down to between 60,000 and 70,000 last month. The car manufacturer made the announcement with the release of its third-quarter financial results and added that deliveries fell slightly from Q2.

Polestar is also on track to start building the Polestar 3 in China in Q1 2024 and will start U.S. deliveries in the summer. Read: Polestar 3 Completes Hot Weather Testing, Production Slated For Early 2024 Gross margins at the company are expected to finish 2023 at 2%, half what the company had originally expected.

Car Car Latest News, Car Car Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Polestar cuts its guidance as it retools its business plan for lower EV sales, higher profitsPolestar said it is targeting a gross profit margin in the high teens, and deliveries of 155,000 to 165,000 vehicles, in 2025.
Source: NBCDFW - 🏆 288. / 63 Read more »

Polestar cuts its guidance as it retools its business plan for lower EV sales, higher profitsPolestar said it is targeting a gross profit margin in the high teens, and deliveries of 155,000 to 165,000 vehicles, in 2025.
Source: CNBC - 🏆 12. / 72 Read more »