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Polestar sets records

Geoff Dobson · 0 comments

Polestar delivered 30,424 cars and made A$1.349 billion (US$1.48b) revenue (up 98% year-on-year) for three-quarters of this year.

A webcast sets out the company’s results and outlook, Polestar saying it expects a record fourth quarter and is on track for 50,000 EVs by the end of this year.

It says an investor update, management’s discussion and analysis of financial conditions and results of operations and unaudited condensed consolidated financial statements are available on the Polestar investor relations website and will be filed with the Securities and Exchange Commission (SEC).

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Polestar reports it is now in 27 markets globally, and that its partnership with Volvo and Geely helped it navigate supply chain constraints.

Most of the activity for the first nine months of this year related to Polestar 2 sales, with the Polestar 3 SUV recently launched.

Polestar intends launching a new EV every year, including the Polestar 4 SUV coupe in 2023, a four-door GT the Polestar 5 in 2024, the Polestar 6 roadster by 2026 and a climate-neutral car by 2030.

Geoff Dobson

Geoff Dobson is an 'old-school journo' thriving in a world of new technology. With 40-years of journalism experience already behind him, Geoff joined Auto Media Group three years ago to lead its EVtalk titles. A keen cyclist, he puts his Auckland commute to good use testing ebikes and scooters along the North Western cycleway.

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