Polestar's Financial Boost for Electric Vehicle Development

In a significant financial move, Polestar, the Swedish electric vehicle manufacturer, has announced the securing of a $450 million loan and the renewal of its €480 million Green Trade Finance Facility (TFF). This financial strategy, initially established in February 2022, aims to bolster the company's working capital and ensures ongoing support from global banking institutions. This latest development comes after the company successfully secured over $800 million in similar financing in December 2024, marking a robust financial foundation for its ambitious projects.

Upcoming Financial Disclosures

Polestar is set to unveil its sales figures for the first quarter of the fiscal year on April 10. Furthermore, the company anticipates releasing its fourth-quarter and full-year 2024 results in April, providing stakeholders and the market with a comprehensive overview of its financial health and operational achievements.

Market Reaction

Following the announcement, Polestar's stock experienced a 3.60% decline in US premarket trading, adjusting to $1.07 per share. This movement reflects the market's immediate response to the company's financial strategies and future outlook.