EV maker Polestar's CEO says Europe is company's engine of growth

Jan 9 (Reuters) - Polestar PSNY.O CEO Michael Lohscheller:

• EUROPE IS REALLY THE ENGINE OF OUR GROWTH RIGHT NOW, WITH REGION ACCOUNTING FOR 78% OF TOTAL SALES FOR THE FULL YEAR

• U.S ACCOUNTED FOR 7% OF TOTAL SALES FOR THE FULL YEAR

• WANT TO CONTINUE TO EXPAND OUR SALES NETWORK STRATEGY

• EUROPE STAYS THE CORE OF OUR BUSINESS AND WE ARE NOT YET DONE WITH EUROPE, WE ARE JUST RAMPING UP

• OTHER IMPORTANT MARKETS FOR US ARE SOUTH KOREA, AUSTRALIA AND CANADA

• ON CHINA AFTER COMPANY'S RETAIL SITES EXIT: IT'S A HYPERCOMPETITIVE MARKET, WE ARE A SWEDISH BRAND WITH LIMITED RESOURCES, BUT WE'LL ALWAYS ASSESS CHINA IN THE FUTURE