Swedish EV Polestar said it will not lower prices like others

GOTHENBURG, Sweden: Electric vehicle (EV) maker Polestar said it would not engage in a price war, despite declining demand forcing some of its rivals to curb output, stressing that it will maintain its 2023 production plan.

It also announced a lower than expected quarterly loss.

In 2023, Tesla ignited a price war, even as ongoing supply chain issues are placing further pressure on EV start-ups, which aim