Geely-owned Polestar delivered about 21,000 vehicles in the fourth quarter of 2022, bringing the preliminary estimate for full-year global volume to 51,500 cars, up 80% year-on-year.
In 2023, Polestar expects global volume to increase by almost 60% to around 80,000 cars, led by strong Polestar 2 sales and first Polestar 3 deliveries later in the year.
“I’m proud of the many milestones we’ve achieved in 2022 and in particular the massive team effort that went into our strongest quarter yet – exceeding our annual target of 50,000 volumes globally. We are now fully focused on 2023. There will be the usual quarterly fluctuations, but I am confident that we will continue to actively manage our supply chain to meet the growing demand for Polestar 2, with the first Polestar 3 shipments approaching start and bring Polestar to market 4,” says Polestar CEO Thomas Ingenlath.
POLAR STAR 3 Production for the first launch markets (North America, Europe, China) to start in Volvo carsPlant in Chengdu, China in a phased ramp-up phase from mid-2023, with first customer deliveries expected in Q4 2023.
Additional production at the car manufacturer Factory in Ridgeville, South Carolina in the USA is expected to follow around mid-2024, from where delivery to North American and other markets will shift from China to the US.
The Polestar 3 is said to be the first car in the world to be equipped with Google’s new HD map – a comprehensive map that offers highly detailed and up-to-date road information. With the HD map, Polestar says its cars will be able to combine its vehicle sensor technology and Google’s precise lane and location data to facilitate driver assistance features like Pilot Assist, as well as future autonomous driving features.