Polestar falls after US blocks sales of models from 2027 onward

Polestar Automotive Holding Uk

25/06/2026 14:23

** Shares of electric-vehicle maker Polestar PSNY.O fall 7.4% to $18.6 premarket
** Co says U.S. denied authorization to sell its vehicles in the country from model year 2027 onwards
** Sweden-based Polestar is majority owned by China's Geely Holding
** This comes as U.S. works towards banning cars manufactured and exported from China, as the Trump admin pushes to strengthen the domestic auto industry
** Co says it will continue selling existing Polestar 3 and Polestar 4 inventory in the U.S. and provide access to its service network
** Up to last close, the stock had fallen about 6% YTD

 (Reporting by Anzar Mehraj in Bengaluru)
 ((Anzar.Mehraj@thomsonreuters.com))