Polestar achieves record deliveries in the second quarter, growing 36% year-on-year

GOTHENBURG, SWEDEN – 6 July 2023. Polestar Automotive Holding UK PLC, (“Polestar”, NASDAQ: PSNY) the Swedish electric performance car brand, reports its global deliveries for the second quarter of 2023.

Following strong deliveries in the month of June, up 73% year-on-year, Polestar achieved its best ever second quarter, delivering approximately 15,800 vehicles, a growth of 36% compared to last year. With record global deliveries of around 27,900 for the first six months, Polestar is on track to deliver 60,000-70,000 vehicles in 2023. ​ 

Thomas Ingenlath, Polestar CEO, comments: “As expected, deliveries have continued to gather pace from month to month, resulting in a record second quarter. I’m confident this trend will continue into the seasonally stronger second half of the year, which will also see the first deliveries of our significantly upgraded Polestar 2, with up to 22% longer range.

“More than 20 permanent Polestar Spaces are planned to open over the coming months, as we expand our footprint and shift from temporary locations into larger facilities that can accommodate our growing line-up. I'm really pleased that the first Polestar 3 display cars will be arriving in our Spaces in the coming weeks.”

Polestar expects to post its unaudited financial and operational results for the second quarter of 2023 on Thursday, 31 August 2023, before market opening in the USA. Polestar's CEO and CFO will hold a live audio webcast to discuss the Company’s results at 08:00 ET (14:00 CEST). Relevant documents and a link to the live audio webcast will be available on the Polestar Investor Relations website at https://investors.polestar.com/. From Thursday, 17 August 2023, verified shareholders will be able to ask questions through the Say Technologies platform, accessible via https://app.saytechnologies.com/polestar-2023-q2.

Evi Boits

Communications Manager, oona agency

 

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À propos de Polestar

Polestar (Nasdaq : PSNY) est la marque suédoise de voitures électriques hautes performances, axée sur un design et une innovation sans compromis et ayant pour ambition d'accélérer la transition vers un avenir durable. Son siège social est situé à Göteborg, en Suède, et ses voitures sont disponibles dans 28 marchés à travers le monde : en Amérique du Nord, en Europe et dans la région Asie-Pacifique.

Polestar propose quatre modèles dans sa gamme : la Polestar 2, la Polestar 3, la Polestar 4 et la Polestar 5. Les prochains modèles à venir sont la Polestar 6, un roadster, et la Polestar 7, un SUV compact. Avec des véhicules actuellement fabriqués sur deux continents, l'Amérique du Nord et l'Asie, Polestar prévoit de diversifier davantage son empreinte de fabrication, en planifiant la production de sa Polestar 7 en Europe.

Polestar s'engage fermement en faveur du développement durable et a défini une feuille de route ambitieuse pour atteindre ses objectifs climatiques : diviser par deux les émissions de gaz à effet de serre par véhicule vendu d'ici 2030 et devenir climatiquement neutre à travers toute sa chaîne de valeur d'ici 2040. La stratégie de développement durable globale de Polestar couvre quatre domaines : le climat, la transparence, la circularité et l'inclusion.

Forward-Looking Statements

This press release contains statements that are not historical facts, but rather forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Polestar or its management believes or anticipates may occur in the future. All forward-looking statements are based upon, as applicable, our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including those risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission by Polestar. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.