Polestar increases sales by 125 percent

Polestar increases sales by 125 percent

Electric car brand Polestar delivered around 21,200 vehicles in the first six months of 2022, nearly 125 percent more than the 9,510 vehicles delivered in the same period last year, as Polestar reiterates its reduced target of delivering 50,000 e-cars in the full year.

Back in May, Polestar had lowered its target for the current year from 65,000 units to that 50,000 vehicles, citing the ongoing Covid lockdown in China as the reason at the time. The resulting restrictions in the supply chain would mean that they would not be able to build more cars - although demand is arguably at a level that would have made the 65,000 vehicle target possible.

In its latest announcement, Polestar states that its global order intake has increased to more than 50,000 vehicles since the beginning of 2022 - up more than 350 percent year-over-year. However, due to the aforementioned supply chain issues, Polestar's delivery times have also increased recently - previously, the brand was only slightly affected by the semiconductor shortage and was ready to deliver within a few months.

Now, a second shift will soon be introduced at the vehicle plant in China, "making up for some of the production lost earlier this year and paving the way for future growth," the company said.