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Polestar 125% sales increase for first half 2022

by Geoff Dobson
July 14, 2022
in Industry News, E-Cars, Electric Vehicles, Featured, News
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This image has an empty alt attribute; its file name is Polestar-125-sales-rise-first-half-2022.jpg

Polestar delivered about 21,200 cars in the first six months of this year – more than double its 9510 deliveries for the same period in 2021.

Continued development in existing and new markets is driving substantial growth in customer demand, says Polestar.

Global order take rose to 50,000 since the start of 2022, up more than 350% year-on-year, as the company continues to see strong customer demand as well as booking the first portion of Hertz orders, closing in on its full year target of delivering 50,000 cars.

“It is great to see that the number of enthusiastic Polestar 2 customers is growing so quickly,” says Polestar chief executive Thomas Ingenlath.

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“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.”

Polestar expanded its global presence during the first six months of 2022 from 19 markets to 25, while the number of retail locations rose from 103 to 125 around the globe, with about 30 more expected to open by the end of 2022. This increased retail presence drove the number of test drives up by more than 210%.

The company also announced that following prolonged government mandated COVID-19 lockdowns in China during the first half of 2022, which delayed production of Polestar vehicles, it is now pushing on with the introduction of a second shift in the factory to recover some of the lost production.

The next major step for Polestar will be its entry into the SUV segment with the global launch of the Polestar 3 in October, customers able to order it on the day of the premiere.

“Polestar 3 will stand out amongst other SUV offerings and boost our growth trajectory,” says Ingenlath.

“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 – 10 times more than we sold in 2021.”

Tags: Polestar
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Geoff Dobson

Geoff Dobson is an 'old-school journo' thriving in a world of new technology. With 40-years of journalism experience already behind him, Geoff joined Auto Media Group three years ago to lead its EVtalk titles. A keen cyclist, he puts his Auckland commute to good use testing ebikes and scooters along the North Western cycleway.

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