Polestar Automotive Holding (PSNY) shares are on the rise after the company reported a significant increase in second-quarter deliveries, signaling a positive trajectory for the electric vehicle manufacturer. The company is optimistic about an even stronger second half of the year, driven by the launch of its new premium SUVs.
Polestar Automotive Holding UK PLC (PSNY) announced that Michael Lohscheller will take over as CEO, effective October 1, 2024. This news comes amidst a challenging period for the electric car company, with its stock plummeting over 70% in the past year. Lohscheller, known for his leadership roles at Opel, VinFast, and Nikola, aims to expand Polestar’s global presence and strengthen its position in the premium electric vehicle market.
