BRIEF-EV maker Polestar's CEO says Europe is company's engine of growth

Reuters01-09

Jan 9 (Reuters) - Polestar PSNY.O CEO Michael Lohscheller:

EUROPE IS REALLY THE ENGINE OF OUR GROWTH RIGHT NOW, WITH REGION ACCOUNTING FOR 78% OF TOTAL SALES FOR THE FULL YEAR
U.S ACCOUNTED FOR 7% OF TOTAL SALES FOR THE FULL YEAR
WANT TO CONTINUE TO EXPAND OUR SALES NETWORK STRATEGY
EUROPE STAYS THE CORE OF OUR BUSINESS AND WE ARE NOT YET DONE WITH EUROPE, WE ARE JUST RAMPING UP
OTHER IMPORTANT MARKETS FOR US ARE SOUTH KOREA, AUSTRALIA AND CANADA
ON CHINA AFTER COMPANY'S RETAIL SITES EXIT: IT'S A HYPERCOMPETITIVE MARKET, WE ARE A SWEDISH BRAND WITH LIMITED RESOURCES, BUT WE'LL ALWAYS ASSESS CHINA IN THE FUTURE

Further company coverage: PSNY.O nL4N3YA0U1

(Reporting By Marie Mannes, editing by Terje Solsvik)

((terje.solsvik@thomsonreuters.com;))

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