Polestar: “Order intake is rising & look forward to further growth”

Polestar:

When 2021 was the year of Polestar 2, 2022 becomes the year of strong market growth of the Volvo performance brand. This has already been announced in the run-up to the IAA, in September 2021,. Now in mid-January 2022 it is official: Polestar convinced last year. In all areas. This achieves its own ambitious plans for global sales, market and retail expansion.

As the manufacturer announced in his recent communication, Polestar has the sales target of 29.000 vehicles reached worldwide, growth of 185 percent compared to the previous year. A good sign for the planned IPO in 2022. This wool by the merger of Polestar with Gores Guggenheim, Inc. Expected to complete in the first half of 2022.

Last year, one’s own global presence of 10 to 19 markets could be increased, focusing on Europe and Asian-Pacific. In the first half of 2022 Polestar is now planning the footprint in Europe to enlarge Spain, Portugal and Ireland as well as to open up branches in the United Arab Emirates, Kuwait and Israel in the Middle East. By the end of 2023, Polestar wants to be active in at least 30 global markets.

“Despite ambitious plans we reach our goals. It is a very exciting time for the brand. We expand into new markets, introduce new models and thus support the ambitious growth plans we have set. Thanks to the tireless use of the Polestar employees around the world, we are confident in our planned IPO.”- Thomas Ingenlath, CEO of Polestar

Seen in detail shows that the Retail Presence of Polestar has more than doubled in 2021 to 100 locations worldwide, and the company strives to operate a total of 150 locations by the end of 2022. In addition to the openings of the Inner-Cities Polestar Spaces, the company presented its new, larger, out-of-city polestar destinations. The first permanent polestar destination was opened in December 2021 outside of Gothenburg in Sweden. In Germany Polestar set the concept for the first time in Leipzig, in addition to the Spaces in Berlin, Dusseldorf, Frankfurt, Hamburg, Cologne, Munich, Stuttgart.

Mike Whittington, Head of Sales by Polestar, arranges the success of the brand as follows: “With strong new market launches and the fantastic response to the extended Polestar 2 model series, we were able to see an increasing interest in Polestar and an increased vehicle rate in all our markets. Our order intake increases and we look forward to another growth of our sales volume in 2022.”

Polestar is currently working on the market launch of Polestar 3, an electric SUV. However, a larger SUV. The Elektro-SUV drives at the plant in Charleston, South Carolina in the US from the band. No less than one of the “climatic cars of all time” should become the stromer as we could learn. The Polestar 3 is intended to represent the debut of a new generation of the Volvo Car Group’s electric car architecture, which was developed from scratch for complete electrification. The Polestar 3 will benefit from advanced technologies of Luminar, NVIDIA and ZENSEACT, which offer state-of-the-art functions for the unsanned autonomous driving.

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1 thought on “Polestar: “Order intake is rising & look forward to further growth””

  1. Polestar 3 again a SUV. In doing so, we urgently need affordable small and mid-range cars to be able to move income-weaker households to switch to an electric car.

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