PSNY - Swedish Electric Car Brand Polestar Records 50% Growth In Q3 Deliveries; Foresees Higher Margins | Benzinga
Swedish electric performance car brand Polestar Automotive Holding UK (NASDAQ: PSNY) reported Q3 delivery growth of 50% Y/Y to about 13,900 vehicles.
The company benefitted from increased sales of the higher-priced, upgraded Polestar 2, which boosted margin.
With approximately 41,700 deliveries in the first nine months ( up 37% Y/Y) and Polestar 4 deliveries commencing in China during the fourth quarter, Polestar still expects ...