Polestar Automotive Holding UK PLC (PSNY) Secures $200M Investment to Accelerate EV Expansion
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) tops our list for being one of the cheap stocks to buy. It is a Swedish EV company founded in 2017 and focuses on producing premium battery electric vehicles with a strong emphasis on innovation and sustainability. Its product lineup includes the Polestar 2 sedan, Polestar 3 and 4 SUVs, Polestar 5 grand-touring sedan, and the Polestar 6 roadster.
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As of mid-2025, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is demonstrating strong operational momentum and expanding strategically. In Q2 2025, the company reported retail sales of 18,049 vehicles, marking a 38% year-over-year increase. Sales in the first half of 2025 rose by 51% compared to the same period in 2024, driven by increasing consumer demand and market penetration. In Q1 2025 alone, sales surged 76% year-over-year, with gross margins turning positive at 7%, aided by a favorable sales mix and cost control.
To support future growth, the business is expanding its manufacturing capabilities through a strategic partnership with Volvo Cars. The upcoming Polestar 7, a premium compact SUV slated for launch in 2028, will be manufactured in Kosice, Slovakia. This decision enhances the corporation's production capacity, leverages Volvo's established infrastructure, and strengthens its position in the competitive electric SUV market.
A fleet of electric light vehicles recharging their batteries in a parking lot.
Additionally, the company secured a $200 million equity investment from PSD Investment Limited, linked to Geely's founder, bolstering its financial position to scale operations and roll out new models. While Polestar Automotive Holding UK PLC (NASDAQ:PSNY)'s trajectory shows promise, it must continue addressing typical EV start-up challenges, including cost structure management and cash flow improvements.
While we acknowledge the potential of PSNY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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