Polestar electric vehicle deliveries fell 40% in the first quarter

Swedish electric car maker Polestar recently said that due to the slowdown in market demand, the company's first-quarter deliveries fell sharply by 40% year-on-year. Polestar delivered a total of 7,200 vehicles in the first three months of this year, compared with 12,076 vehicles in the same period last year. Polestar plans to announce its fourth-quarter results on the 30th of this month and its first-quarter results on May 23. Polestar CEO Thomas Ingenlath said that with the increase in deliveries of the two luxury SUVs, Polestar 3 and Polestar 4, revenue growth is expected in the second half of this year.