Polestar faces delisting risk, share price below $1

As the stock price continues to be below $1, Polestar faces the risk of delisting from the Nasdaq Stock Exchange. According to regulations, if the closing price of a company is below $1 for 30 consecutive trading days, it will receive a delisting notice. In June, Polestar made a series of senior management adjustments, appointing Fan Ande as chairman of the board and Qin Peiji, deputy general manager of Geely Auto Group Sales Company, as chief operating officer, responsible for sales, channel development and marketing business segments. The CMO position is held by Jia Xiaohui, senior director of public relations of Volvo Car Greater China Sales Company.