Polestar cut its 2022 delivery forecast by 15,000 to 50,000 vehicles due to China Lockdown

Polestar 2 - Polestar cut its 2022 delivery forecast by 15,000 to 50,000 vehicles due to China Lockdown

has cut its delivery target by 15,000 units to 50,000 units due to the lockdown that occurred in due to the increase in Covid-19 infections.

“The reduction for 2022 is 100% attributable to the lockdowns in China,” the -vehicle maker said in a statement.

As a result of the COVID-19 lockdown in China, supply chains such as semiconductors and other components are hampered. These supply chain disruptions affect Polesatar’s ability to produce them.

Polestar said it would seek to address supply chain challenges as it did in 2021 when it delivered 29,000 vehicles.

Polestar has added a second shift at its plant and will recover some of its production losses at the end of the year. For 2023 and beyond, Polesatar is confident that it can achieve its delivery target.

Polestar sales more than doubled to around 13,600 units and orders more than tripled to around 23,000 units in the first four months of this year, compared to the same four months of 2021.

“The short-to-medium-term economic effect does not detract from our goal of selling 290,000 cars by 2025 — 10 times more than we will sell in 2021,” said Polestar Chief Executive Officer Thomas Ingenlath.