Polestar Q2 Deliveries Fall 12% to 17,800 Units After U.S. Ban
PSNY•Polestar delivered 17,800 vehicles in Q2 2026, a 12% year-over-year decline, with U.S. volumes plunging 34% after an NHTSA order halted Polestar 2 imports from May 5 to early July. Global revenue fell 9% to €520 million, intensifying pressure on the Swedish EV maker’s breakeven timeline.
1. Q2 Sales Performance
Polestar reported Q2 2026 deliveries of 17,800 vehicles, down 12% year-over-year, with U.S. volumes plummeting 34% after an NHTSA-imposed halt on Polestar 2 imports from May 5 to July 1. European and Chinese markets partly offset the downturn, supporting roughly two-thirds of total shipments.
2. Revenue and Profitability
Group revenue declined 9% year-over-year to €520 million, widening the operating loss to €85 million as higher logistics and regulatory compliance costs weighed on margins. The extended halt in U.S. deliveries pushed breakeven further into early 2027.
3. Regulatory Compliance and Ban Details
The NHTSA order followed identification of a seatbelt anchor fastening issue during a safety audit, prompting Polestar to recall 3,200 units and suspend U.S. deliveries pending recertification. Management expects full compliance testing and approval by late July.
4. Outlook and Resumption Plans
Polestar aims to resume U.S. shipments by mid-July upon regulator sign-off and projects Q3 deliveries to grow 15% if the ban lifts as scheduled. Senior executives remain confident of delivery recovery in the second half of 2026, contingent on stable supply chains.
