Polestar Falls to Biggest Ever Loss as EV Maker Hit by Slowdown

Polestar Automotive Holding UK Plc reported its biggest ever annual net loss as the electric-vehicle maker grapples with tepid demand and US tariffs.

The Swedish company’s net loss widened to $2.36 billion in 2025 from $2.05 billion a year earlier, it said Friday, marking its largest annual deficit since being spun out of Volvo Car AB in 2022 and listing on Nasdaq. A total of $1.05 billion was due to writedowns, mostly on models.