Polestar Automotive rallies after guiding for 80K deliveries in 2023
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Polestar Automotive Holding UK PLC (NASDAQ:PSNY) shot up 5.25% on Thursday after the corporate exceeded its 2022 goal of delivering 50K autos in 2022.
International quantity was up 80% in 2022 to 51,491 autos with the electrical car maker including the brand new markets of United Arab Emirates, Kuwait, Hong Kong, Eire, Israel, Italy, Spain and Portugal alongside the best way.
Trying forward, Polestar (PSNY) expects world quantity to extend by almost 60% to roughly 80K automobiles in 2023, predominantly pushed by Polestar 2 gross sales.
Polestar mentioned liquidity has strengthened with a money steadiness of roughly on the books on the finish of This autumn, however the firm continues to discover potential fairness or debt choices to lift further capital to fund operations and enterprise development.
On Searching for Alpha, The Asian Investor referred to as out Polestar as a turnaround EV inventory for 2023.
