\n \n \n “. concat(self. i18n. t(‘search. voice. recognition_retry’), “\n
GOTHENBURG, Sweden, July 13, 2022–(BUSINESS WIRE)–Polestar (Nasdaq: PSNY), the maker of high-functionality electric cars, announces enhanced functionality for the first part of 2022 with record deliveries and a very backlog of orders. Continued progression in existing and new markets leads to a really extensive expansion in visitor demand.
This press is multimedia. Read the full press here: https://www. businesswire. com/news/home/20220713005089/en/
2023 Polestar 2 Vehicle (Photo: Business Wire)
The Swedish company, which is listed on the Nasdaq New York Stock Exchange at the end of June, delivered about 21,200 cars in the first six months of 2022, more than double the deliveries of 9,510 cars in the same era in 2021, a cumulative of nearly 125 percent.
The number of global orders has increased to 50,000 since the beginning of 2022, an increase of more than 350% year-on-year, as the company continues to see visitor calls and e-books the first component of Hertz’s orders. With this performance, Polestar reaffirms its goal of annual delivery of 50,000 cars.
“It’s wonderful to see that the number of enthusiastic Polestar 2 customers is increasing so fast,” said Thomas Ingenlath, CEO of Polestar. will drive powerfully in the coming years as new and revolutionary cars are revealed. “
Polestar expanded its global presence in the first six months of 2022, from 19 markets to 25, while the number of retail outlets increased from 103 to 125 worldwide, with around 30 more expected to open by the end of 2022. This increased retail presence has increased the number of check units by more than 210%, a key sign of the development of customer interest in the brand.
The company also announced that following prolonged COVID-19 lockdowns imposed by the government in China in the first half of 2022, which delayed the production of Polestar cars, it is now proceeding to introduce a change of time at the plant. of production lost in the previous year and pave the way for long-term growth.
The next major milestone for Polestar will be its access to the SUV segment with the global launch of the high-performance electric SUV, Polestar 3, in October. The SUV market is one of the most expanding and margin segments of the automotive industry, especially in the United States. Customers can expect to order the Polestar 3 on opening day in October.
“Polestar 3 will stand out from other SUV offerings and drive our expansion trajectory. It also represents the expansion of our production footprint in the U. S. As we become even more global. This is a vital next step towards our purpose of promoting 290,000 cars by 2025 – ten times more than we sold in 2021,” concludes Thomas Ingenlath.
About North Star
Polestar Automotive Holding UK PLC (Nasdaq: PSNY) (“Polestar”) is a Swedish manufacturer of premium electric vehicles. Founded through Volvo Car AB (publ. ) (with its subsidiaries, “Volvo Cars”) and Zhejiang Geely Holding Group Co. , Ltd (“Geely”), in 2017, Polestar based on express technological and engineering synergies with Volvo Cars and, as a result, significant economies of scale.
Polestar is headquartered in Gothenburg, Sweden, and its vehicles are newly available and in circulation in the European, North American, Chinese and Asia-Pacific markets. By 2023, the company expects its vehicles to be generally available. of 30 markets. Polestar cars are lately manufactured in two factories in China, and further long-term production is planned in the United States.
Polestar produced two cars with electric functionality. The Polestar 1 built between 2019 and 2021 as a hybrid GT with low-volume electric functionality with car carbon fiber body, 609 hp, 1000 Nm and an electric-only diversity (WLTP) of 124 km, the longest of any hybrid car in the world. in the moment.
The Polestar 2 Electric-Powered Fastback is the company’s first high-volume all-electric car. kW/408 hp and 660 Nm.
Starting in 2022, Polestar plans to launch a new year-consistent electric vehicle, with Polestar 3, the company’s first consistent high-performance electric SUV debuting in October 2022. Polestar four is expected to remain in 2023, a smaller capable electric SUV coupe.
In 2024, the electric functionality of 4-door Polestar five GT is expected to be presented as a component of the production evolution of Polestar Precept, Polestar’s manifest concept car launched in 2020 that presents the brand’s long-term vision in terms of design, generation and sustainability. As the company looks to reduce its impact on the climate with each new model, Polestar aims to produce a truly climate-neutral car by 2030.
In early March 2022, Polestar unveiled its concept car moment, an electrically functional roadster that builds on Precept’s design, generation and sustainability ambitions and presents the brand’s vision for long-life sports cars. The hardtop convertible features an evolution of the unique design language first introduced. through Precept and commitment to a dynamic driving experience. The extra concept develops sustainability and generation, aiming at greater circularity.
Forward-Looking Statements
Certain statements in this press release (“Press Release”) may be considered “forward-looking statements” as explained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements sometimes relate to long-term events or monetary or operational functionality of L’Etoile polaire. For example, projections of revenue, volumes and other monetary or operating measures are forward-looking statements. In some cases, you may identify forward-looking statements with words such as “possibly,” “should,” “expects,” “intends,” “will,” “estimates,” “anticipates,” “believes,” “predicts,” “potential,” “forecasts,” “plans,” “seeks,” “long-term,” “proposes” or “continues,” or the negative terms of those terms or diversifications thereof or similar terminology. These forward-looking statements are subject to risks, uncertainties and other points that may also cause actual effects to differ materially from those expressed or implied through such forward-looking statements.
These forward-looking statements are based on estimates and assumptions that, while believed to be conservative throughout Polestar and its control, as applicable, are inherently uncertain. Factors that may also cause actual effects to differ materially from existing expectations include, among others: (1) Polestar’s ability to enter into agreements or partnerships with its strategic partners Volvo Cars and Geely and expand new agreements or partnerships; (2) Polestar’s ability to maintain relationships with its existing suppliers, seek new suppliers for its critical parts, and complete its supply chain structure, while well managing the hazards arising from such relationships; (3) Polestar’s reliance on its partnerships with vehicle charging networks for charging answers for its cars and its strategic partners to service its cars and its embedded software; (4) Polestar’s reliance on partners to manufacture large-scale automobiles, some of which have limited involvement in the production of electric vehicles, and the allocation of sufficient production capacity to Polestar through its partners so that Polestar can develop its vehicle production capabilities; (5) festival, Polestar’s ability to expand and manage its expansion profitably, maintain relationships with visitors and suppliers, and retain its control and key employees; (6) Polestar’s earnings and expense estimates; (7) load accumulations, supply interruption or curtain shortage, addition of lithium ion cells or semiconductors; (8) the option that Polestar will be adversely affected by other economic, commercial and/or competitive factors; (9) the effects of festivals and major barriers to entry in the automotive industry, and the speed and intensity of electric car adoption at times on Polestar’s long-term business; (10) adjustments in regulatory requirements, government incentives, and fuel and energy prices; (11) the final results of any legal proceedings that might be brought against Polestar or others; (12) ability to meet inventory exchange directory standards; (13) dangers related to adjustments in applicable laws or regulations and Polestar’s foreign operations; (14) Polestar’s ability to identify its logo and capture greater market share, and the risks related to negative press or reputational damage, by adding lithium-ion battery cells that ignite or release smoke; (15) delays in the design, manufacturing, launch and financing of Polestar automobiles and Polestar’s reliance on a limited number of vehicle models to generate revenue; (16) Polestar’s ability to continually innovate, expand and bring new products to market on a timely basis; (17) dangers related to long-term market adoption of Polestar’s offerings; (18) hazards related to Polestar’s distribution model; (19) the effect of the global COVID-19 pandemic, inflation, interest rate adjustments, the ongoing standoff between Ukraine and Russia, supply chain disruptions and logistics restrictions on Polestar, operational effects Polestar forecasts, monetary or other functionality and operational measures, or any of the foregoing; and (20) other dangers and uncertainties set forth in the segment entitled “Risk Factors” and “Caution Regarding Forward-Looking Statements” of Polestar’s Form 20-F, and other documents filed or to be filed with the SEC through Polestar. There may be further hazards that Polestar is not aware of or that Polestar believes are not curtains and may also cause actual effects to differ from those contained in forward-looking statements.
Nothing in this press release should be construed as representing through any of whatsoever the forward-looking statements set forth herein will be known or that any of the intended effects of such forward-looking statements will be achieved. forward-looking statements, which refer only to the date on which they are made. Polestar assumes no legal responsibility to update those forward-looking statements, even if new data is obtained in the future.
See the businesswire. com edition: https://www. businesswire. com/news/home/20220713005089/en/
Contacts
Jonathan GoodmanRP
John Paolo CantonRP
Bojana FlintRelations with inversoresbojana. flint@polestar. com