Polestar Q2 2026 retail sales fall 4% amid U.S. market ban

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โดย Reuters·Read original
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Polestar reported second-quarter retail sales of 17,296 cars, a 4% decline from 18,026 vehicles in the same period last year, as the Swedish electric vehicle maker faces a ban from the U.S. market starting with the 2027 model year. For the first half of 2026, retail sales totaled 30,423 cars, up 0.4% from 30,289 in the first half of 2025. Excluding a subset of sales the company tracks separately, the half-year figure rose 3.1% to 28,562 vehicles, while second-quarter sales on that basis fell 3.9% to 16,175 cars. CEO Michael Lohscheller said the retail network now stands at 235 sites, a 39% increase year-over-year, and noted that first customer deliveries of the Polestar 5 are set to start while production of the Polestar 4 SUV has begun with first deliveries expected in the fourth quarter. The U.S. market exit stems from the Commerce Department's Connected Vehicle Rule restricting vehicles with Chinese software or hardware, and while sister brand Volvo Cars received authorization to continue U.S. sales, Polestar's request was denied. Existing U.S. stock of the Polestar 3 and Polestar 4 will remain available for purchase, and customers will retain access to the service network. The company announced its U.S. exit in late June, noting that 94% of first-quarter retail sales came from outside the U.S., and its stock fell more than 13% on the day of that announcement. Polestar posted a first-quarter net loss of $383 million, more than double its $166 million loss a year earlier, as tariffs and pricing pressure drove its gross margin to negative 3.2% from positive 10.3%.

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Volvo Cars received authorization to continue U.S. sales under the Connected Vehicle Rule, contrasting with Polestar's denial, but the article does not detail any direct impact on Volvo.

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