Polestar's Stock Surges as EV Maker Unveils New Sales Model and Market Expansion

The company plans to enter seven new markets by 2025, including France, Thailand, and Brazil, while adopting a customer-friendly sales strategy.

Polestar's shares rose by nearly 14% following the announcement of its expansion plans.
The new non-agency sales model aims to streamline the purchasing process for customers.
Key leadership changes include the appointment of Anders Gustafsson as Head of North America.
Polestar will enter markets in Europe, Asia, and Latin America, targeting significant EV markets.
The expansion includes local distribution partnerships to enhance market penetration.