Polestar Reveals Enhanced Business Plan & Funding Update | PSNY Stock News
...Source: https://www.stocktitan.net/news/PSNY/... Transcript: Polestar Automotive has an updated business plan targeting cash flow break-even by 2025. This is driven by focusing more on margin progression rather than volume. The aim is to reach a gross margin target in the high teens, with 155,000 to 165,000 cars delivered annually by 2025. Geely Holding and Volvo Cars are boosting their support by providing additional liquidity to Polestar. Polestar anticipates requiring external funding of about $1.3 billion until 2025 to reach its target. Sentiment: undefined