Polestar reports Q2 deliveries13,150 up 82% vs. Q1

Reports Deliveries were 13,150 cars, an 82% increase compared to the first quarter, taking global deliveries for the first six months of the year to 20,371, with strong momentum especially in the USA, Sweden, Norway and Germany. At the same time, active management actions improved inventory turnover and reduced the number of cars in stock by approximately 30% when compared to Q4 2023. Cash and cash equivalents were USD 669 million as of June 30, 2024. Adds: 30% improvement in inventory turnover driving working capital reduction with positive impact on cash flow ;Secured up to USD 300 million in additional external funding in August.