** Shares of electric-vehicle maker Polestar PSNY.O fall 7.4% to $18.6 premarket

** Co says U.S. denied authorization to sell its vehicles in the country from model year 2027 onwards

** Sweden-based Polestar is majority owned by China's Geely Holding

** This comes as U.S. works towards banning cars manufactured and exported from China, as the Trump admin pushes to strengthen the domestic auto industry

** Co says it will continue selling existing Polestar 3 and Polestar 4 inventory in the U.S. and provide access to its service network

** Up to last close, the stock had fallen about 6% YTD