Polestar has announced a pause in its financial guidance for 2025, citing uncertainties related to international tariffs and evolving government regulations.
Tariffs, particularly those targeting Chinese-made vehicles and components, have introduced uncertainty into supply chains and pricing strategies across the EV industry — issues that directly affect Polestar’s operations, given its manufacturing ties to China.
The update was shared alongside the company’s filing with the U.S. Securities and Exchange Commission (SEC), where it noted a delay in submitting its 2024 annual report on Form 20-F.
Polestar says its next financial and strategic update is expected with the release of its 20-F filing in mid-May.
However, the company remains positive on its long-term outlook. Polestar reiterated its target of achieving 30–35% compound annual growth in retail sales volume from 2025 through 2027. The company also said a shift in product mix toward higher-margin vehicles will improve gross margins throughout 2025.
Polestar also confirmed that it is continuing to implement cost-reduction measures across its global operations, part of a broader plan to increase profitability amid a challenging economic and regulatory environment.
