The China-controlled EV brand has been losing tens of thousands of dollars on every car sold. With a US ban on Chinese car sales looming, the company needs to quickly turn things around.

Targeting a 3035% compound annual increase in retail sales volume until 2027, the Swedish electric car manufacturer Polestar ( PSNY, Financials) declared intentions to become profitable in 2025. By 2027 the corporation forecasts good free cash flow after investments.

The most exciting news to come out of all this is the official announcement of the Polestar 7. This will be a compact, all-electric SUV with predictably upscale trimmings and feat

It'll be the brand’s first vehicle built on the Old Continent, as governments put pressure on Chinese auto production.