Overview

• Polestar's Q1 2025 net loss narrowed to $190 million, a 31% reduction from $276 million a year earlier.
• Revenue climbed 84% year-over-year to $608 million, fueled by strong retail sales and a shift toward higher-margin models.
• The company achieved a positive gross margin of 6.8%, up from a negative 7.7% in the same quarter last year.
• Vehicle deliveries nearly doubled, reaching 12,304 units compared to 6,975 in Q1 2024, driven by premium model demand.
• Polestar ended its joint venture with Xingji Meizu in China and continues to realign its manufacturing and market focus globally.