Polestar, the Swedish electric performance car brand, has released its sales figures for Q1 2023. The Company delivered approximately 12,000 vehicles globally during this period, marking an increase of almost 26% compared to the same quarter in the previous year. Polestar had set a record in 2022 by selling over 51,000 units.
The Q1 2023 performance can be attributed to seasonal demand, as well as the popularity of the Polestar 2 model. Polestar predicts that its global volumes will increase by nearly 60% YoY in 2023, with sales of approximately 80,000 cars, mainly driven by the Polestar 2 model.
Polestar CEO, Thomas Ingenlath, said, “2023 is going to be another year of great progress for Polestar as we expand our portfolio and continue to grow our retail network. In addition to the significant upgrades we have made to Polestar 2, we expect to start production of our highly anticipated electric SUV Polestar 3 in the summer and we will shortly launch Polestar 4, the SUV coupé transformed.”
Polestar’s Q1 2023 results demonstrate its commitment to innovation and sustainability, as well as its ability to meet the growing demand for high-performance electric vehicles. As the Company expands its portfolio and global presence, it is poised for continued growth and success in the coming years.
