EV Maker Polestar (PSNY) is Working to Put Itself in Pole Position with Expansion News

The EV maker Polestar Automotive (PSNY) announced its plans to expand its commercial footprint and retail operations that will include both existing and new markets as the company and its model line-up is experiencing continued growth.

As it relates to the expansion of its retail footprint, the company intends to sift to a non-genuine agency sales model across Europe which should make it easier for more customers to own a Polestar. In terms of geographic expansion, Polestar intends to enter seven new markets in 2025 that will include France, Germany, Czech Republic, Slovakia, Hungary, Poland, Thailand and Brazil. To further their efforts, the company has appointed some senior leadership executives to its team as they focus on their expansion initiatives.

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EV Maker Polestar (PSNY) is Working to Put Itself in Pole Position with Expansion News

Ashlee Vogenthaler

Markets Editor