Amid global electric vehicle (EV) headwinds, Sweden’s Polestar $PSNY reported a 31% reduction in quarterly losses, marking a potential turning point for the Volvo-backed $VOLCAR-B.ST EV maker. This development comes as the company doubles down on premium vehicle positioning and rigorous cost management. The announcement sparked a nearly 4% rise in the company’s U.S.-listed shares during after-hours trading, reflecting cautious investor optimism.