Polestar lowers forecast for deliveries this year

Previously, Polestar's forecast was for a 35 percent increase over three years.

Last year, sales increased by 34 percent to 60,100 cars delivered, helped in part by success in the UK.

"It's clear that we want to grow. We want to be over 100,000 as soon as possible. But the most important thing is that we establish Polestar as a premium company," says CEO Michael Lohscheller.

The Chinese owner Zhejiang Geely Holding Group has, in stages, injected more capital into Polestar, which shares facilities with Volvo Cars and also has production in South Korea and China in collaboration with Geely and Renault.