Business is going well for the Sino-Swedish electric car brand. Designer Polar Starof which he is a co-owner Swedish Volvo and Chinese Geely is now showing strong results after its IPO last year.
Last year, Polestar sold 51,491 vehicles
Polestar is slowly but surely making a name for itself in the high-end electric niche. True, we are very far from that 1,369,611 models were delivered its main competitor, You are here. But the Sino-Swedish company can be content with an 80% increase in sales, with 51,491 models sold in 2022. At the same time, its turnover reached 2.5 billion dollars.
Happy Birthday #Polargazer2! Four years young and still going strong. which is your favorite #Polargazer2 memory? 🎂 pic.twitter.com/XAGXWOQGwR
— Polestar (@PolestarCars) February 27, 2023
High ambitions for 2023
This year, Polestar has confirmed that it wants to go even better. The brand wants to achieve 80,000 sales. And by 2025, the bar of 300,000 vehicles that have passed must be reached. The manufacturer, in particular, hopes to achieve good sales figures thanks to its model. Polar star 2, released in 2020. We remind you that the brand is still not sold in France, but this situation will soon change. In effect, we remember failures that the brand feels after the complaint filed by Citroën. The French cited strong similarities between their own chevron logo and the Sino-Swedish one. Then the case was resolved last year.
The firm, founded in 2017, currently manufactures its cars in China, but the production of its upcoming model Polar star 3 should also take place in the United States. It will be recalled that the main shareholder of Polestar is Volvo Cars with 48% of the capital, but it itself belongs to Geely.
Source: Auto Plus
Robert is an experienced journalist who has been covering the automobile industry for over a decade. He has a deep understanding of the latest technologies and trends in the industry and is known for his thorough and in-depth reporting.