Polestar Automotive Holding UK Plc A (NASDAQ:PSNY) saw its stock climb 5% after the electric vehicle maker reported a robust second-quarter sales performance, defying a backdrop of market volatility and stiff competition.
The Swedish EV company delivered an estimated 18,049 vehicles in Q2 2025—a 38% increase year-over-year. For the first half of the year, deliveries totaled approximately 30,319 units, representing an impressive 51% surge compared to the same period in 2024.
CEO Michael Lohscheller commented on the results, stating, “We’ve delivered another strong quarter of growth, in increasingly challenging market and geopolitical conditions.” He attributed the gains to Polestar’s expanding retail footprint and growing consumer demand.
Despite economic uncertainty and intensifying competition within the electric vehicle space, Polestar’s strategy appears to be resonating. The company continues to scale operations and attract buyers amid a global EV transition that has posed challenges for many industry players.
With a focus on the premium electric vehicle segment, Polestar is positioning itself as a strong alternative to incumbents like Tesla (NASDAQ:TSLA) and legacy automakers ramping up their EV portfolios. The latest sales figures suggest that Polestar’s growth trajectory remains intact, even as broader sector headwinds persist.
Polestar Automotive Holding UK stock price
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