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Polestar reports decline in 2023 revenue as EV maker grapples with slowing demand
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Polestar reports decline in 2023 revenue as EV maker grapples with slowing demand
Jun 28, 2024 5:27 AM

June 28 (Reuters) - Swedish EV-maker Polestar,

said on Friday, after months of delays in turning in

its financial reports, that its 2023 revenue fell about 3% as it

grappled with slowing demand for its higher-priced models.

The company reported revenue of $2.38 billion for fiscal

year 2023, down from $2.45 billion from restated 2022 figures.

Polestar said it will report its first-quarter results and

second-quarter volumes on July 2.

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