$PSNY

Polestar introduced the SUV version of its 4 model, addressing the coupe's lack of a rear window. The SUV offers improved range and similar performance, with pricing starting at £54,750 for the rear-drive model, £2,000 less than the coupe. The company saw a 95% sales surge in 2023, driven by the Polestar 4.

A Polestar dealer, Prestige Imports, filed a lawsuit against Polestar seeking $25 million in damages, alleging Polestar planned to exit the U.S. before a regulatory ban. The U.S. Department of Commerce denied Polestar a 2027 sales waiver under the Connected Vehicle Rule. Polestar says it relied on force majeure. The dealer alleges franchise-termination violations and insufficient notice.

Polestar said it will stop selling new cars in the US after the 2027 model year, following a US Commerce Bureau of Industry and Security decision tied to Chinese ownership and technology. Polestar will not appeal and will shift investment toward Europe. It sold 5,747 vehicles in the US in 2023. The company is offering discounts up to $25,000 on Polestar 3 and 4 while working with dealers.

Polestar said it will stop selling new cars in the US from model year 2027 after the US Department of Commerce Bureau of Industry and Security denied approval under the Connected Vehicle Rule. Polestar expects the US was under 10% of global volume, about 5,000 to 6,000 cars. It will focus on Europe, Canada, South Korea and Australia, and continue support for existing owners.

U.S. Senate Commerce Committee plans a July 15 vote on S. 4429, the Connected Vehicle Security Act of 2026, introduced by Sens. Bernie Moreno and Elissa Slotkin. The bill would expand BIS’s January 2025 connected-vehicle rule restricting China- or Russia-linked vehicles, software, and hardware, with software limits from 2027 and hardware from 2030. Polestar said BIS authorization was not granted, so it will stop new US sales from model year 2027.

Polestar (Nasdaq: PSNY) reported record estimated retail sales of 30,423 cars in H1 2026, up 0.4% from 30,289 in H1 2025. Q2 2026 retail sales were 17,296 cars, down 4.0% from 18,026. Polestar said its retail network rose to 235 sites and Polestar 5 customer deliveries are set to start, with Polestar 4 production underway.

Polestar reported a 4% quarterly sales-volume decline after the US Commerce Department denied authorization under the Connected Vehicles Rule, barring Polestar from the US market from the 2027 model year. Q2 sales fell to 17,296 cars from 18,026 a year earlier. Polestar said it will sell existing inventory and second-hand cars. Polestar is majority-owned by Geely.

Polestar (Nasdaq: PSNY) said it will begin sales of a new Polestar 4 SUV variant on 2 September, expanding the Polestar 4 lineup. The SUV uses a retuned chassis and Polestar’s 400V architecture, with claimed range up to 630 km (WLTP) for rear-motor and up to 544 hp for dual-motor versions. Production is in Busan, South Korea.

Polestar will launch the Polestar 4 SUV on 2 September, adding a more practical body style to the 4 Coupe. Polestar says it will offer up to 536 bhp, about 391 miles of range, and rear or four-wheel-drive variants, using chassis refinements (new dampers, spring/anti-roll changes, steering calibration). Polestar cites a larger rear space via a rear windscreen and won’t confirm pricing.

Polestar Automotive (PSNY), majority-owned by Geely, said the Trump administration will bar U.S. sales of its EVs after the current model year due to prohibited Chinese connected technology, citing Biden-era rules. The article notes Europe generated ~78% of Q1 sales vs ~6% from the U.S. and mentions PSNY’s current price near $20.36.