Polestar, the electric vehicle maker spun off from Volvo, forecasts a challenging year ahead as it expects lower revenues in 2024 compared to 2023. Sales of the Polestar 3 and 4 have fallen short due to a global price war in the EV market. The company has begun amending financial statements from the past two years due to accounting errors, impacting its financial health. With significant revenue targets under threat, Polestar is pinning its hopes on upcoming models, including the Polestar 5 sedan and a new premium compact SUV, the Polestar 7.