Polestar has reported a 125% year-on-year increase in its car sales during the first half of 2022.
The Swedish electric car manufacturer, which listed on Nasdaq and the New York stock exchange in late June, delivered approximately 21,200 cars during the first six months of 2022, more than doubling deliveries from 9,510 cars in the same period in 2021.
“It is great to see that the number of enthusiastic Polestar 2 customers is growing so quickly,” said Polestar CEO, Thomas Ingenlath.
Polestar said its global orders have increased to 50,000 since the start of 2022, up more than 350% year-on-year. With this strong performance, Polestar reaffirms its full-year target of delivering 50,000 cars.
“I am very confident that the strong momentum we have seen this year in brand awareness and sales figures will accelerate powerfully in the coming years as more ground-breaking cars are revealed,” Igenlath added.
Along with its global expansion from 19 markets to 25 in the first six months of 2022, with approximately 30 more expected to open by the end of 2022, Polestar is also pushing on with the introduction of a second shift in its China factory to expand production.
The premium electric car company said its next major step will be its entry into the SUV segment with the global launch of the electric performance SUV, Polestar 3, in October.
“Polestar 3 will stand out amongst other SUV offerings and boost our growth trajectory. It also represents the expansion of our manufacturing footprint into the United States as we become even more global. It is an important next step towards our goal of selling 290,000 cars in 2025 – ten times more than we sold in 2021,” Ingenlath concluded.