Electrameccanica Vehicles Corp. Stock News
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Nasdaq, Fri, Oct 23 2026.
Electrameccanica Vehicles Corp. Stock News
Polestar reported a slight rise in third-quarter retail sales on Thursday, a few months after Washington effectively barred the China-linked electric vehicle maker from selling new cars in the country from the next model year.
The Chinese-owned automaker told dealers it is still trying to understand why it is being banned from the U.S. market.
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The average transaction price for EVs was $56,126 in July, according to Kelley Blue Book. That's a 1.6% increase compared to July 2025.
The California-based startup has struggled with sales, quality issues and turnover.
Sweden's Polestar reported a 4% fall in quarterly sales volumes on Thursday, weeks after the EV maker was handed a U.S. market ban starting in the 2027 model year, adding to its ongoing struggles to turn a profit.
Demand for electrified cars continued to underpin growth in Europe's auto market in May, offsetting a sharp decline in petrol and diesel sales and allowing Chinese brands to expand their footprint, data from the European Automobile Manufacturers' Association (ACEA) showed on Tuesday.
EV maker Lucid Group said on Monday it will reduce its U.S. workforce by about 18%.
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