Polestar lowered its 2026 annual delivery-growth forecast to low- to mid-single-digit percentage growth from low-double-digit growth after U.S. measures effectively barred the Chinese-linked electric-vehicle maker from future sales. The company, majority-owned by China’s Zhejiang Geely Holding Group, said the loss of U.S. sales opportunities weighed on its outlook. Its vehicles will be prohibited from sale in the United States from the 2027 model year, making Polestar the first automaker shut out of the U.S. market. Second-quarter revenue fell 8% year over year to $727 million, while the net loss narrowed 55.3% to $459 million largely because the prior-year period included a $724 million impairment charge. Polestar recorded about $130 million in U.S. restructuring costs, and first-half free cash flow widened to a deficit of $1.06 billion despite a $700 million share issuance. The company also reported negative working capital exceeding $4.7 billion, highlighting pressure on its balance sheet. Shares fell 5.7% in U.S. after-hours trading following the announcement. Polestar has begun taking orders for its Polestar 4 SUV and plans to expand sales in Europe, Asia and other regions; third-quarter results are due November 5.