Swedish electric performance car brand Polestar delivered 9,215 vehicles in the third quarter of 2022, bringing the total year-to-date to about 30,400 cars for the first nine months of 2022, up 100% year-on-year.
A recent ramp up in production following Covid-19 disruptions in China earlier in the year has resulted in significantly higher production rates and the company expects to meet its 50,000 global volume target for 2022 by delivering the remaining vehicles in the fourth quarter.
“We needed to catch up on production after Covid-19 related setbacks in China and we have. The majority of Polestar 2 cars set for delivery in Q4 are ready and making their way to our customers in 27 markets around the world, with the fourth quarter set to be our strongest on record yet. I am confident we will meet our target of 50,000 cars for this year,” says Polestar CEO, Thomas Ingenlath.
Polestar expects to post its financial and operational results for the third quarter of 2022 on Friday, November 11, 2022, before market opening in the USA.
Polestar’s next model, an SUV called Polestar 3, will be made in both China and the U.S., where it will be produced at a Volvo plant in South Carolina. The Polestar 3 is expected to make its formal debut at an event in Copenhagen on Wednesday, with production beginning soon thereafter.
