The write-down of 739 million dollars (approximately 7 billion kronor) contributed to lowering the net result for the second quarter to a loss of 1.03 billion dollars (9.7 billion kronor). This can be compared to the loss of 268 million dollars in loss during the corresponding quarter last year.
Revenues rose simultaneously by 37 percent compared to the previous year, up to 791 million dollars.
Polestar, with its head office in Gothenburg, was spun off from Volvo Cars in 2022 and has since then lost most of its market value.
The company withdrew its forecast for the full year 2025 earlier this year.
Both Polestar and Volvo Cars are part of the Chinese billionaire Li Shufu's vehicle empire, where the Chinese Geely is also included.
