Polestar's financial situation deteriorates, with first-quarter deliveries down 40%

Polestar Auto's first quarter 2024 financial report shows that the company's main financial indicators continue to deteriorate. Deliveries in the quarter fell 40% year-on-year to only 7,200 vehicles. Based on this data, Polestar Auto loses more than 270,000 yuan for each car sold. Since its listing, Polestar Auto has lost nearly 95% of its market value and faces the risk of delisting.