Polestar Cars Announces 125% Sales Rise for First Half of 2022 | Financial Buzz

Polestar Cars Announces 125% Sales Rise for First Half of 2022

Polestar (NASDAQ: PSNY) has reported a successful performance for the first half of 2022 with record deliveries.  Global order take rose to 50,000 since the start of 2022, up more than 350% year-on-year, as the company continues to see strong customer demand as well as booking the first portion of Hertz orders. With this strong performance, Polestar reaffirms its full year target of delivering 50,000 cars.

“It is great to see that the number of enthusiastic Polestar 2 customers is growing so quickly,” says Polestar CEO Thomas Ingenlath. “I am very confident that the strong momentum we have seen this year in brand awareness and sales figures will accelerate powerfully in the coming years as more ground-breaking cars are revealed.”

Polestar has grown on a global scale within the first six months of 2022 from 19 markets to 25 as the number retail locations has risen from 103 to 125.  This is 30 more than expected to open by the end of 2022.  “Polestar 3 will stand out amongst other SUV offerings and boost our growth trajectory. It also represents the expansion of our manufacturing footprint into the United States as we become even more global. It is an important next step towards our goal of selling 290,000 cars in 2025 – ten times more than we sold in 2021,” concludes Thomas Ingenlath.

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