Electric vehicle maker Polestar has adopted a conservative estimate for its vehicle delivery and gross margin targets for 2023. The company now intends to deliver around 60,000 vehicles this year. It also expects to achieve a gross margin of just 2%.
Prior to its update, Polestar stated that it intends to deliver between 60,000 to 70,000 vehicles this year. The company previously reiterated this forecast after adjusting the target in May from the 80,000 it had estimated earlier.
Polestar also noted that it expects to attain a 2% gross margin this year. Previously, the company forecasted that it could achieve a 4% gross margin for 2023.
Despite its conservative stance, Polestar stated that it intends to double down on its cost-cutting efforts. This way, the company could boost its margins….
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