Polestar posts 40% slump in Q1 deliveries

STOCKHOLM — Polestar saw a 40% drop in first-quarter deliveries, the Swedish electric vehicle (EV) said on Thursday, as the sector struggles with slowing demand. While automakers and suppliers are betting on future demand for EVs, sales growth has slowed, with investment in capacity and technology development outrunning demand, boosting pressure on companies to cut costs.