Polestar (NASDAQ:PSNY) U.S. ban turns attention to Europe, cash, and 790 vehicles
Polestar Automotive Holding UK PLC is set to halt new U.S. sales from model year 2027. The U.S. Commerce Department’s Bureau of Industry and Security turned down Polestar’s request for authorization under new connected-vehicle rules targeting China-linked tech. The Swedish EV company said it will continue to offer current Polestar 3 and Polestar 4 inventory in the U.S., and customers can still access service.