Polestar, the former Swedish performance brand turned electric vehicle (EV) manufacturer, has announced its 3rd quarter sales report and the numbers are undeniably positive. Over the past three months, the company’s total 13,900 by successfully delivering the vehicle compared to the same period of the previous year A significant growth of 50% noted.
A significant part of this success is due to the upgraded model, which has emerged as the best-selling model in the range. Polestar 2It is attributed to.
Polestar’s total deliveries in the first nine months of this year were approximately 41,700 units, reflecting a significant increase of 37% compared to the previous year. next quarter Polestar 4With the launch of the new model in China, the company is targeting deliveries of 60,000 to 70,000 vehicles for the entire year. To achieve this target, sales figures of 18,300 to 28,300 units must be achieved in the 4th quarter, which is an ambitious but feasible expectation if current growth rates continue. To provide context, the company has managed to launch around 51,500 EVs in 2022.
Additionally, by the end of the year, China will witness the launch of Polestar 4, while production of Polestar 3 will begin at the Volvo Cars plant in South Carolina in early 2024.
While the numbers and predictions are impressive, what’s even more evident is Polestar’s steadfast determination to establish itself as a major player in the electric vehicle industry. As we eagerly await its unaudited financial results on November 8, 2023, it’s becoming clear that this Swedish challenger is on a mission. Their strategic emphasis on prioritizing quality over quantity may serve as a playbook for others in the near future.