EV maker Polestar secures $450 million loan facility, delays quarterly results-March 2024-www.financetom.com

EV maker Polestar secures $450 million loan facility, delays quarterly results

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EV maker Polestar secures $450 million loan facility, delays quarterly results

Feb 28, 2025 4:27 AM

Feb 28 (Reuters) - Electric vehicle maker Polestar

has secured a 12-month loan facility of up to $450

million, it said on Friday, and would delay its fourth-quarter

results in April along with its annual filing for fiscal 2024.

Backed by China's Geely, the company has

struggled to drum up demand for its vehicles amid a softer

buying environment and strong competition from carmakers such as

Tesla.

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