(Reuters) -Sweden's Polestar on Friday said it would conduct ​a one-for-thirty reverse stock ‌split of its American Depository Shares as the electric vehicle ‌maker seeks to avoid a Nasdaq delisting.

The reverse split, which consolidates multiple shares into fewer, will not change the value of ⁠investors' overall ‌holdings but can mechanically lift the share price above $1 to regain ‍compliance.

Polestar in October said it was notified by the Nasdaq for not meeting the exchange's listing rules ​related to maintaining a minimum bid price ‌of $1.

The news comes a few days after Polestar reported a wider third-quarter loss while grappling with pricing pressures and high production costs due to tariff-driven uncertainty.

Polestar has also ⁠shifted to a dealer-​focused model from direct selling ​and is leaning harder on Europe to offset weak U.S. demand ‍where buyers ⁠increasingly favor hybrids and gasoline cars.

The company expects the ADS ratio change will be ⁠effective before the end of the year.

(‌Reporting by Zaheer Kachwala in Bengaluru; ‌Editing by Vijay Kishore)