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flag Polestar closed its UK R&D centers, cutting 130 jobs, as part of a global restructuring after a $1.03 billion loss.

flag Polestar, the Swedish EV maker and Tesla rival, has shut down its UK R&D facilities and cut 130 jobs, centralizing engineering operations in Sweden after completing work on the Polestar 5. flag The move is part of a broader restructuring to streamline operations amid a $1.03 billion net loss in Q2 2025. flag The company, owned by China’s Geely, has reduced its global workforce by 15% since January 2024 and continues to face challenges from rising tariffs and stiff competition, including Tesla’s significantly higher UK sales.

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