Polestar has launched its electric vehicles in Estonia, Latvia and Lithuania via Volvax Baltic, opening a Tallinn showroom in June and planning outlets in Riga and Vilnius later in 2026. Despite record European retail volumes (78% of Q1 sales), the company widened its Q1 net loss to $383m.
Polestar has expanded its European footprint into Estonia, Latvia and Lithuania through a partnership with Volvax Baltic. A dedicated Polestar Space will debut in Tallinn in June 2026, with additional retail locations scheduled to open in Riga and Vilnius later this year.
Europe accounted for 78% of Polestar’s total retail sales volumes in Q1 2026, making it the company’s largest market. Customers in the Baltic region will gain access to the Polestar Charge network, which offers over 2,800 charging points across high-speed and local stations.
For the quarter ended March 31, 2026, Polestar reported a net loss of $383 million, a 130.7% increase year-on-year. The adjusted EBITDA loss widened to $235 million from $96 million, as tariffs, pricing pressure and currency fluctuations weighed on margins.
Polestar aims to grow its global sales network to 250 locations by the end of 2026. The company plans to introduce four new electric models between 2026 and 2028, beginning with the Polestar 5 four-door grand tourer, with customer deliveries expected this summer.
