The deficit Swedish electric car builder Polestar again covers with fresh money and postpones the publication of his balance sheets. The loan facility of up to $ 450 million has a term of twelve months, the company belonging to the Chinese car manufacturer Geely with CEO Li Shufu (61) said on Friday. Polestar now does not want to announce the quarterly figures and the annual financial statements 2024 in April. The car manufacturer originally announced the publication of his already postponed balance sheets for March. The in the USA The company’s listed shares initially fell by more than 2 percent.
In view of the challenging market conditions and growing competition, Polestar has difficulty boosting the demand for its electric cars. It was only in December that the company secured loans of more than $ 800 million with a term of twelve months with which old loans are to be repaid. Polestar did not say what the new funds should be used for.
CEO Michael Lohscheller (56) wants the company with a larger dealer network, a new model and lower costs lead to success.