Polestar publishes results for the first quarter and reports 80% growth in global deliveries for the second quarter

  • 7,200 cars delivered in Q1 2024; cash and cash equivalents of USD 784 million as of March 31, 2024
  • 20,200 cars delivered year to date, with Q2 2024 up 80% compared to Q1 2024
  • New retail model, geographic expansion, growing line-up and sales organisation changes driving future sales growth
  • Announced staff reductions completed, resulting in 15% fewer positions, in addition to 10% reduction in 2023

 

Read the full press release here.

 

Ends.

Evi Boits

Communications Manager, oona agency

 

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About Polestar

Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 28 markets globally across North America, Europe and Asia Pacific.

Polestar has four models in its line-up: Polestar 2, Polestar 3, Polestar 4, and Polestar 5. Planned models include the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe.

Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar’s comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion.