Polestar delivers 21K vehicles in Q4, meeting target of 50K deliveries in 2022

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Credit: Polestar

With 2022 officially in our rearview mirror, Polestar confirmed that the company hit its global volume targets. The Swedish automaker had a solid finish to the year, delivering more than 21,000 vehicles in the final quarter.

This strong finish allowed Polestar to deliver more than 51,500 vehicles in 2022, up 80 per cent from the previous year.

These numbers are still unofficial estimates. We will see the official numbers with the financial results, which will go live on March 2, 2023. CEO Thomas Ingenlath had this to say about the early results:

I’m proud of the many milestones we achieved in 2022 and, in particular, the massive team effort to deliver our strongest quarter to date – surpassing our 50,000 global volumes target for the year.

For 2023 Polestar is looking to increase global volumes by another 60 per cent and deliver 80,000 cars this year.

Ingenlath had this to say about Polestar’s focus on 2023 and beyond:

There will be the usual quarterly variations, but I’m confident that we will continue to actively manage our supply chain to meet the growing demand for Polestar 2, commence the first deliveries of Polestar 3 and launch Polestar 4.

The hope is the Polestar 2 will carry the majority of sales. While the Polestar 3 will increase volumes once it starts deliveries in late 2023.

Polestar has kept a relatively low profile compared to some of the other EV automakers that have arrived on the scene in the last few years, and that low profile appears to be paying off as it seems to be all good news for the Swedish automaker these days.

Polestar reports solid earnings for Q3; cuts operating loss by 33 percent

About Scott Nordlund 1474 Articles
Originally from the West Coast, Scott is an avid writer & EV enthusiast now living in Ottawa. He holds a MA in Political Science and once played professional football in the German Football League. Email scott@driveteslacanada.ca