Polestar sharply lowers sales forecast due to US trade restrictions

In the USA, Polestar is under massive pressure. The Trump administration is banning the subsidiary of the Chinese car company Geely from selling vehicles in the USA. The stock collapses.

Polestar 2: The car manufacturer's shares are in the red. Photo: Bloomberg

Dusseldorf. The Swedish car manufacturer Polestar has radically lowered its sales forecast for the current year. Instead of the targeted double-digit percentage growth, the group says it will only achieve “low to mid-single-digit volume growth” in 2026, as Polestar announced on Thursday during its half-year presentation.

The shares, which had already been weak over the course of the year, fell to a new low in early trading on Wall Street. In the meantime, the securities listed on the US tech exchange Nasdaq reached a historic low. They were trading more than 30 percent below the previous day's price at around $8.20.

Polestar had to withdraw its forecast due to a decision by the US Department of Commerce. The Trump administration is putting massive pressure on car manufacturers using technology related to China and Russia.

Polestar, like the Swedish premium manufacturer Volvo, is majority owned by the Chinese Geely group. While Volvo is not affected by the regulation, Polestar will no longer be allowed to sell new cars in the USA from the 2027 model year.