EV-maker Polestar posts 40% slump in deliveries during first three months of 2024
Polestar said it delivered 7,200 vehicles in the first quarter, down 40% from 12,076 a year earlier.
Polestar saw a 40% drop in deliveries during the first three months of the year, the Swedish electric vehicle (EV) maker said, as the sector struggles with slowing demand.
While carmakers and suppliers are betting on future demand for EVs, sales growth has slowed, with investment in capacity and technology development outrunning demand, boosting pressure on companies to cut costs.
