Polestar Automotive suffered an operating loss of US$735 million last year, with gross profit down more than 60% year-on-year

Polestar's operating loss in the first three quarters of last year was as high as $735 million, and its gross profit was only about $21.2 million, a year-on-year decline of more than 60%. In order to control costs, Polestar announced a global hiring freeze and layoffs in the second quarter of last year.