Polestar achieves record third quarter deliveries, up 50% year-on-year

Polestar has delivered approximately 13,900 vehicles in the third quarter, a growth of 50% compared to last year, with sales of the higher priced, upgraded Polestar 2 contributing to a strong margin improvement.

With approximately 41,700 deliveries in the first nine months, a growth of 37% year-on-year, and Polestar 4 deliveries commencing in China during the fourth quarter, Polestar still expects to deliver 60,000-70,000 vehicles in 2023.

Thomas Ingenlath, Polestar CEO, comments: “We have delivered a strong quarter and expect higher margins for the rest of the year, as we continue to prioritize value over volume in our business.”

“We will soon have a compelling range of three distinctive cars, including two luxury SUVs, each addressing an exclusive luxury EV segment. With this, Polestar enters an exciting new period.”