Polestar reports strong start to 2022 with record sales in the first four months

20 May 2022, 05:56:01

Polestar reports strong start to 2022 with record sales in the first four monthsPolestar has announced record sales for the first four months of 2022 as well as excellent global order intake fuelled by continued expansion into new and existing markets. In the first four months of the year, vehicle sales more than doubled to approximately 13,600 and the company's orders take more than tripled to nearly 23,000 compared to the same period in 2021.

During the period, Polestar increased its global presence to 23 markets, up from 19 at the end of 2021, putting the company on track to meet its target of 30 markets in aggregate by the end of 2023. New markets in the Middle East and Europe will be joined by Spain and Portugal imminently. Plans are underway to begin operations in Israel and Italy later in 2022. In addition, Polestar has announced a global partnership with the car rental company Hertz to supply 65,000 cars over the next five years.

While exceptionally strong order-take shows Polestar's ability to achieve its 2022 target of 65,000 vehicle sales, the company is facing supply chain constraints that continue to challenge the whole of the auto industry. As a result of prolonged government COVID-19 lockdowns in China during the first half of 2022, Polestar has now announced a reduction to the number of customer vehicle sales that it will be able to deliver in 2022 from 65,000 to approximately 50,000.

The reduction for 2022 is 100% attributable to the lockdowns in China. Polestar, along with its partners Volvo Cars and Geely, continues to actively manage these ongoing supply chain challenges, as it did in 2021 when the company delivered approximately 29,000 vehicles. Through the implementation of a rapid response plan, including an accelerated introduction of a second production shift at the factory, Polestar plans to recover some of the production loss it has suffered later in the year and remains confident it will deliver its targeted sales volumes for 2023 through 2025.

Related news

News related to Polestar

Polestar 3 will be unveiled on October 12

Polestar cars will premiere its first SUV, Polestar 3, at a launch event on October 12, 2022, in Copenhagen, Denmark. Featuring Polestar CEO, Thomas Ingenlath, and Polestar Head of Design, Maximilian Missoni, the event will be live-streamed globally beginning at 1 p.m. EST, allowing consumers a glimpse at the brand’s debut in the SUV market. Polestar 3 is a powerful, design-led electric performance SUV that appeals...

28 September 2022

The Polestar 6 all-electric roadster confirmed for a 2026 launch

Polestar has confirmed its plans to put the Polestar electric roadster concept into production. The production car is expected to launch in 2026 as the Polestar 6 electric performance roadster. Interested customers in all active Polestar markets are able to reserve a build slot online starting August 16, 2022. Revealed in Los Angeles in March as the Polestar O₂, the electric roadster concept builds on the design...

16 August 2022

Polestar reports 125% sales increase for first half of 2022 and reaffirms sales guidance for full year

Polestar announced a robust performance for the first half of 2022 with record deliveries and a very strong order book. The Swedish company, which was listed on the Nasdaq New York stock exchange in late June, delivered approximately 21200 cars in the first six months of 2022, more than doubling deliveries from 9510 cars in the same period in 2021 – an increase of almost 125%. Global order take rose to 50000 since...

14 July 2022

Polestar delivers on growth promise, expands into new markets, and develops product portfolio

Polestar continues to deliver on its growth promise as it progresses toward a planned listing on the Nasdaq through a proposed business combination with Gores Guggenheim, Inc. expected to close at the end of June 2022. Expansion into new markets and a growing retail footprint are both driving and supporting customer demand, while the development of new models is set to propel the brand further into high-margin...

15 June 2022

Polestar 5 teased before its debut at the Goodwood Festival of Speed on June 23rd

A Polestar 5 prototype will debut at the Goodwood Festival of Speed on Jun 23rd along with the new high-performance, limited-edition Polestar 2 BST edition 270. Polestar's electric roadster concept and its existing product range will also be present. The Polestar 5 prototype will be stationed in the First Glance Paddock and complete several drives up the hill during the event. Polestar Precept, the concept car that...

14 June 2022

The Polestar 3 all-electric SUV will be presented in October

Polestar announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October 2022. This is the company's first SUV. Over time, this model will offer autonomous highway piloting powered by the best-in-class LiDAR sensor from Luminar and centralized NVIDIA computing power. At launch, Polestar 3 will feature a dual-motor drivetrain and a large battery, with a range target of...

7 June 2022

Polestar teams up with battery expert StoreDot

Teaming up with extreme fast-charging battery technology pioneers StoreDot marks Polestar’s first financial investment into helping an innovative industry partner drive technological advancements in the field of electric mobility. The Israel-based battery innovator is spearheading the development of silicon-dominant extreme fast-charging batteries for electric vehicles, aiming to produce batteries that can receive a...

24 May 2022

2023 Polestar 2 design updates, range improvements, and pricing unveiled

Polestar today announced design updates, range estimates, and pricing for the 2023 Polestar 2 all-electric fastback. Pricing for the updated Polestar 2 Long-range Single motor will start at $53,950, or $48,950 including the $5,000 federal rebate. Thanks to software improvements, Polestar anticipates a vehicle range increase for the dual-motor Polestar 2 of approximately 11 miles compared to the current model...

5 May 2022

Polestar 2 receives sustainability, tech and design updates

Polestar 2 is being updated with new solutions connected to climate impact and transparency, along with design detail and specification updates that allow for new visual expressions and improved efficiency. Polestar's partnership with Circulor now includes blockchain traceability of mica, in addition to cobalt that is already traced in Polestar 2 batteries. The blockchain technology allows Polestar to trace risk...

28 April 2022

Polestar O₂ concept envisions new age for electric roadsters

Polestar has revealed a new concept car that redefines sports roadsters for the electric age. Named Polestar O₂, the hard-top convertible is Polestar’s vision of open-top performance and a thrilling driving experience – with all the benefits of electric mobility. Dynamics The driving experience in the Polestar O₂ is designed to be lively, light and full of confidence. Predictability and playfulness are core to...

2 March 2022

Polestar 2 deliveries in Australia commence in March

Polestar has officially commenced sales in Australia, with deliveries of the Polestar 2 set to begin in March with pre-configured vehicles. This follows Polestar's test-drive roadshow, which has enabled over 1,600 customers to experience Polestar 2 in person at locations in Sydney, Melbourne, the Gold Coast and Brisbane. Additional dates for Sydney and Melbourne have been released. Feedback from these events was...

18 February 2022

Polestar 5 to be faster, lighter and more dynamic thanks to brand-new UK-developed bonded aluminum platform

Polestar has confirmed that the forthcoming Polestar 5 electric performance 4-door GT will feature a brand-new, bespoke, bonded aluminum platform. Bonded aluminum is lightweight and rigid, offering superlative performance and environmental advantages. While this technology has previously proven labor-intensive and difficult to use in mass production vehicles without sacrificing quality, Polestar’s 280-strong team of...

15 February 2022

Polestar delivered 29,000 cars in 2021 - a 185% YoY growth

Polestar confirms that it continues to deliver on ambitious global sales, market, and retail expansion plans that underpin significant growth targets for the coming years. The company delivered on its global sales target of 29,000 vehicles in 2021, representing year-on-year growth exceeding 185%. Polestar increased its global presence from 10 to 19 markets in 2021, with growth in Europe and the Asia Pacific. In the...

13 January 2022

Polestar announces 270-mile EPA range, power upgrades, and efficiency aids for Polestar 2 electric fastback variants

Polestar announced the Polestar 2 Long range Single motor received one of the best ratings in its class by the U.S. Environmental Protection Agency (EPA) – an estimate range of 270 miles. This announcement comes alongside ongoing Over-The-Air (OTA) updates that are delivering new features to Polestar 2 owners and pre-empts a future option to purchase a performance software upgrade that adds an extra 67-hp for the...

16 December 2021

EV Specifications

Complete specifications of EVs, grouped according to their brand and year

AudiBMWBytonChevroletDaciae.GOFIATFordGenesisHondaHyundaiJaguarKIAMazdaMercedes-BenzMGMININIONissanOpelPeugeotPolestarPorscheRenaultRivianSEATŠKODAsmartTeslaVolkswagenVolvo

Featured

Specifications of some of the most interesting and anticipated EVs.

2022 Audi e-tron S Sportback quattro

2022 Audi e-tron S Sportback quattro

Doors: 5, Seats: 5
Length: 193.0 in / 4902 mm
Height: 63.6 in / 1615 mm
Curb weight: 5941.46 lb / 2695 kg
Location: Rear
Location: Front
Battery: 95 kWh, Voltage: 396 V

2022 Audi e-tron S quattro

2022 Audi e-tron S quattro

Doors: 5, Seats: 5
Length: 193.0 in / 4902 mm
Height: 64.1 in / 1629 mm
Curb weight: 5941.46 lb / 2695 kg
Location: Rear
Location: Front
Battery: 95 kWh, Voltage: 396 V

2021 Audi e-tron S Sportback quattro

2021 Audi e-tron S Sportback quattro

Doors: 5, Seats: 5
Length: 193.0 in / 4902 mm
Height: 63.6 in / 1615 mm
Curb weight: 5941.46 lb / 2695 kg
Location: Rear
Location: Front
Battery: 95 kWh, Voltage: 396 V

2021 Audi e-tron S quattro

2021 Audi e-tron S quattro

Doors: 5, Seats: 5
Length: 193.0 in / 4902 mm
Height: 64.1 in / 1629 mm
Curb weight: 5941.46 lb / 2695 kg
Location: Rear
Location: Front
Battery: 95 kWh, Voltage: 396 V

2022 Audi Q4 Sportback e-tron 50 quattro

2022 Audi Q4 Sportback e-tron 50 quattro Vorsprung

Doors: 5, Seats: 5
Length: 180.6 in / 4588 mm
Height: 63.5 in / 1614 mm
Curb weight: 4717.89 lb / 2140 kg
Electric motor #1: 150 kW, 310 Nm, Location: Rear
Electric motor #2: 70 kW, 150 Nm, Location: Front
Battery: 82 kWh, Voltage: 400 V

2022 Audi Q4 Sportback e-tron 50 quattro

2022 Audi Q4 Sportback e-tron 50 quattro Edition 1

Doors: 5, Seats: 5
Length: 180.6 in / 4588 mm
Height: 63.5 in / 1614 mm
Curb weight: 4717.89 lb / 2140 kg
Electric motor #1: 150 kW, 310 Nm, Location: Rear
Electric motor #2: 70 kW, 150 Nm, Location: Front
Battery: 82 kWh, Voltage: 400 V

2022 Audi Q4 Sportback e-tron 50 quattro

2022 Audi Q4 Sportback e-tron 50 quattro S Line

Doors: 5, Seats: 5
Length: 180.6 in / 4588 mm
Height: 63.5 in / 1614 mm
Curb weight: 4717.89 lb / 2140 kg
Electric motor #1: 150 kW, 310 Nm, Location: Rear
Electric motor #2: 70 kW, 150 Nm, Location: Front
Battery: 82 kWh, Voltage: 400 V

2022 Ford F-150 Lightning

2022 Ford F-150 Lightning PLATINUM Extended Range (710A)

Doors: 4, Seats: 5
Length: 232.7 in / 5911 mm
Location: Rear
Location: Front
Battery: 131 kWh

2022 Ford F-150 Lightning

2022 Ford F-150 Lightning LARIAT Extended Range (511A)

Doors: 4, Seats: 5
Length: 232.7 in / 5911 mm
Location: Rear
Location: Front
Battery: 131 kWh

2022 Mercedes-Benz AMG EQS

2022 Mercedes-Benz AMG EQS 53 4MATIC+

Doors: 5, Seats: 5
Length: 205.6 in / 5223 mm
Height: 59.8 in / 1520 mm
Curb weight: 5853.27 lb / 2655 kg
Electric motor #1: 245 kW @ 4500 - 13500 rpm, 565 Nm, Location: Rear
Electric motor #2: 239 kW, 290 Nm, Location: Front
Battery: 107.8 kWh, Voltage: 500 V

2022 Mercedes-Benz EQS

2022 Mercedes-Benz EQS 580 4MATIC

Doors: 5, Seats: 5
Length: 205.4 in / 5216 mm
Height: 59.5 in / 1512 mm
Curb weight: 5698.95 lb / 2585 kg
Electric motor #1: 245 kW @ 4500 - 13500 rpm, 565 Nm, Location: Rear
Electric motor #2: 140 kW, 290 Nm, Location: Front
Battery: 107.8 kWh, Voltage: 500 V

2022 Mercedes-Benz EQS

2022 Mercedes-Benz EQS 450+

Doors: 5, Seats: 5
Length: 205.4 in / 5216 mm
Height: 59.5 in / 1512 mm
Curb weight: 5467.46 lb / 2480 kg
Electric motor: 245 kW @ 4500 - 13500 rpm, 568 Nm, Location: Rear
Battery: 107.8 kWh, Voltage: 500 V

2022 Genesis GV60

2022 Genesis GV60 Performance AWD

Doors: 5, Seats: 5
Length: 177.8 in / 4515 mm
Width: 74.4 in / 1890 mm
Height: 62.2 in / 1580 mm
Curb weight: 4761.98 lb / 2160 kg
Electric motor #1: 160 kW, 350 Nm, Location: Rear
Electric motor #2: 160 kW, 350 Nm, Location: Front
Battery: 77.4 kWh, Voltage: 800 V

2022 KIA EV6

2022 KIA EV6 Extended Range 4WD GT

Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Location: Rear
Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2022 KIA EV6

2022 KIA EV6 Extended Range 4WD GT-Line S

Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Curb weight: 4530.5 lb / 2055 kg
Electric motor #1: 165 kW @ 4500 - 7700 rpm, 350 Nm @ 4500 - 7700 rpm, Location: Rear
Electric motor #2: 74 kW @ 4500 - 7700 rpm, 255 Nm @ 4500 - 7700 rpm, Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2022 KIA EV6

2022 KIA EV6 Extended Range 4WD GT-Line

Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Curb weight: 4497.43 lb / 2040 kg
Electric motor #1: 165 kW @ 4500 - 7700 rpm, 350 Nm @ 4500 - 7700 rpm, Location: Rear
Electric motor #2: 74 kW @ 4500 - 7700 rpm, 255 Nm @ 4500 - 7700 rpm, Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2022 BMW iX xDrive50

2022 BMW iX xDrive50

Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5379.28 lb / 2440 kg
Electric motor #1: 250 kW, 400 Nm, Location: Rear
Electric motor #2: 200 kW, 352 Nm, Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V

2022 BMW i4 M50

2022 BMW i4 M50

Doors: 5, Seats: 5
Length: 188.3 in / 4783 mm
Width: 72.9 in / 1852 mm
Height: 57.0 in / 1448 mm
Curb weight: 5048.59 lb / 2290 kg
Electric motor #1: 230 kW @ 8000 - 17000 rpm, Location: Rear
Electric motor #2: 190 kW @ 8000 - 17000 rpm, Location: Front
Battery: 83.9 kWh, Voltage: 398.5 V