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"automobile veteran" is about to take over as ceo, and polestar's stock price has soared in recent days

2024-09-14

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our reporter yang rangchen and shi yingjing reported from shanghai

(cuttocurrently, polestar's global cumulative sales have exceeded 200,000 vehicles. (respondent/photo)

since the disclosure of the second quarter financial report of 2024, the stock price of polestar has performed strongly and has been on an upward trend for many consecutive days. the latest data shows thattoon september 9, local time in the united states, polestar auto’s u.s. stock closing index rose by nearly 8% in a single day.

prior to this, polestar's stock price had risen continuously on august 29 and 30, with the highest increase reaching 37.12%, becoming the only auto stock to rise by more than 30% in recent days. this market performance may be related to a series of strategic measures it has taken recently.

a reporter from china business news learned from polestar that michael lohscheller will be appointed as the ceo of polestar starting october 1. it is understood that lohscheller has extensive experience in the automotive industry and has served as ceo of companies such as opel, vinfast and nikola. "his joining is expected to bring new perspectives and strategic thinking to polestar, and push the company into a new stage of development," said polestar.

on the other hand, with the expansion of channels, polestar has also performed well in overseas markets recently. relevant data shows that as a global luxury brand, polestar is not only the top-selling brand exported to the united states, but also ranked second in sales of chinese automobile brands exported to europe in 2023.

2024early 2018so far, polestar ranks among the top five pure electric luxury brands in 15 european countries. currently, polestar's cumulative global sales have exceeded 200,000. so far, polestar has established 192 retail outlets and 1,149 service points around the world, and plans to enter the united states in 2025.7new markets, expanding the global market to 34 countries and regions.

"this series of positive changes has not only received a positive response from investors in the stock market, but also demonstrated strong growth momentum in actual business development." polestar automotive said that with the gradual implementation of more strategic initiatives in the future, the company is expected to occupy a more advantageous position in the highly competitive automotive market and bring more surprises to investors and users.

editor: shi yingjingproofread by: yan jingning)

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