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In the first half of 2025, Polestar reported revenues amounting to $1.423 billion, reflecting a robust 56.5% year-on-year growth. Nonetheless, the company's net loss surged to $1.193 billion, registering a significant 119.4% increase compared to the same period last year. This substantial loss was primarily attributed to a gross margin of -49.4%, which was heavily burdened by non-cash impairment charges incurred during the second quarter. Despite these financial challenges, Polestar maintained a healthy cash position of $719 million and secured an additional $200 million through equity funding. Looking ahead, Polestar aims to introduce the Polestar 7 model in 2028 and targets a compound annual growth rate of 30% to 35% in retail sales between 2025 and 2027.
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