Polestar posted a small quarterly loss, as the electric carmaker saw a fourth-quarter deficit of just less than $205 million, compared with $337 million a year ago
The Polestar 2 electric car is displayed at a company store in Shanghai, China March 8, 2021. REUTERS/Aly Song
But Polestar reaffirmed the 2023 production outlook it gave in January of 80,000 cars, up from the roughly 51,000 it delivered in 2022. Ingenlath said he saw supply chain issues that have hampered global auto production easing in 2023, and 2022 has left the carmaker with a strong order book.The Swedish carmaker, founded by China's Geely
and Volvo Cars, posted a fourth quarter operating loss of $204.7 million, down from $337.3 million a year ago. The company reported a gross profit of $61.9 million versus a loss of $0.2 million in the same quarter in 2021. The U.S-listed company said it expected its gross profit for 2023 to broadly be in line with the $119.4 million it reported for 2022.
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