Polestar reported estimated retail sales of 13,126 vehicles in the first quarter of 2026, marking a 7% increase compared to the same period last year.
Michael Lohscheller said the company achieved its strongest first-quarter performance to date, supported by solid demand across key global markets.
“Following a record 2025, we’ve delivered our highest ever first quarter retail sales figure of 13,126 cars. Growth compared to the first quarter last year totalled 7%, with a strong performance in key markets such as Australia, Germany, Sweden, South Korea and the UK, testament to the hard work of our teams and our established brand position,” said Michael Lohscheller, CEO of Polestar.
“Our performance in the first quarter has shown resilience, with market conditions becoming more challenging, amid ongoing geopolitical developments,” he added.
In March, Polestar raised $300 million through a new equity financing round involving investors including Crédit Agricole, alongside Vida Finance, Innovator Limited and Proximastar Holdings Company Limited. The company did not disclose individual allocations from the funding.
The capital raise forms part of broader efforts to strengthen Polestar’s balance sheet as it prepares for an expanded product rollout. The company previously said it plans to introduce four new electric models over the next three years, describing the initiative as the largest product expansion in its history.
Meanwhile, Polestar is also adjusting its global manufacturing strategy. In early April, Volvo Cars and Polestar confirmed plans to consolidate production of the Polestar 3 in the United States.
The model, previously produced in both Chengdu and the U.S., will now be manufactured exclusively at Volvo’s facility in Ridgeville, with production in China set to be phased out.
