Polestar delivered approximately 13,900 vehicles in the third quarter, a growth of 50% compared to last year, with sales of the higher priced, upgraded Polestar 2 contributing to a strong margin improvement.
With approximately 41,700 deliveries in the first nine months, a growth of 37% year-on-year, and Polestar 4 deliveries commencing in China during the fourth quarter, Polestar still expects to deliver 60,000-70,000 vehicles in 2023.
Thomas Ingenlath, Polestar CEO, comments: “We have delivered a strong quarter and expect higher margins for the rest of the year, as we continue to prioritize value over volume in our business."
“We will soon have a compelling range of three distinctive cars, including two luxury SUVs, each addressing an exclusive luxury EV segment. With this, Polestar enters an exciting new period.”
Polestar is the electric performance car brand. Headquartered in Gothenburg, Sweden, its cars are available online in 27 markets worldwide in North America, Europe and Asia Pacific.
Polestar plans to have a line-up of five performance EVs by 2026. Polestar 2, the electric performance fastback, launched in 2019. Polestar 3, the SUV for the electric age, launched in late 2022. Polestar 4, the SUV coupé transformed, is launching in phases through 2023 and into 2024. Polestar 5, an electric four-door GT and Polestar 6, an electric roadster, are coming soon.
Source: Polestar
