2023-10-05 14:41:23
Polestar Automotive Holding, the Swedish high-performance electric car brand, reports its global deliveries for the third quarter of 2023.
Polestar delivered approximately 13,900 vehicles in the third quarter, a growth of 50% compared to last year, and sales of the improved and higher-priced Polestar 2 contributed to strong margin improvement.
With approximately 41,700 deliveries in the first nine months, a 37% year-over-year growth, and Polestar 4 deliveries beginning in China during the fourth quarter, Polestar still expects to deliver between 60,000 and 70,000 vehicles in 2023.
Thomas Ingenlath, CEO of Polestar, comments: “We delivered a strong quarter and expect higher margins for the remainder of the year as we continue to prioritize value over volume in our business.”
“We will soon have an attractive range of three distinctive cars, including two luxury SUVs, each of which will target a unique luxury electric vehicle segment. With this, Polestar enters a new and exciting period.”
Polestar expects to release its unaudited financial and operating results for the third quarter of 2023 on Wednesday, November 8, 2023, following the US market closes.
Along with the results, Polestar’s CEO and CFO will provide an update on actions to manage costs and improve margins to achieve profitability by 2025.
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