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EV Maker Polestar Struggles With Hefty Import Tariffs on Chinese-made Cars

EV Maker Polestar Struggles With Hefty Import Tariffs on Chinese-made Cars

EV manufacturer Polestar, one of several struggling names at the bottom of the EV barrel, says that new hefty EU and US import tariffs on its Chinese-made cars are becoming an issue. On a Tuesday call, the company said it would need to “take steps to offset” these new tariffs. The company also announced a Q1 operating loss, according to Reuters.  Polestar said it would need to introduce “mitigating measures” to achieve cashflow breakeven for 2025 and that those measures could include cost reductions across the company’s supply chain or…

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