EV Maker Polestar Pares Back Sales Target Amid Volatile Demand

Polestar Automotive Holding UK Plc expects growth in deliveries to slow this year, tailoring sales to a volatile electric-vehicle market.

The EV maker now targets sales to rise in the low double-digit range this year, the company said Wednesday after previously guiding for annual growth of as much as 35% over three years. The loss-making manufacturer of the Polestar 4 crossover last year boosted deliveries by 34% to 60,100 units, led by gains in the UK.

“Of course we want to grow — we want to be above 100,000 as quickly as we can,” Chief Executive Officer Michael Lohscheller said ...