
Polestar reported a third-quarter operating loss of $196.4 million, down from $292.9 million for the year-ago period. Revenue more than doubled to $435.4 million, from $212.9 million. The company is among the startup brands that managed to mass produce EV on a global scale. Polestar benefits from shared resources with Volvo and its parent company, Geely, and counts on a $3 billion agreement to sell 65.000 EVs to Hertz, over the next five years. Read more on Polestar.com