Polestar announced their 2021 sales figures today, showing an impressive growth rate for the fledgling automaker.
From January to December Polestar reported sales of 29,000 vehicles around the world, an increase of more than 185% compared to 2020.
“We are delivering on our targets,” says Thomas Ingenlath, Polestar CEO. “It is a hugely exciting time for the brand, with new markets and models to support the ambitious growth plans we have set for ourselves. Thanks to the relentless dedication of Polestar employees across the globe, we are progressing with confidence towards our proposed public listing.”
Along with the strong sales, Polestar was also able to increase their global presence by expanding from 10 to 19 markets.
The expansion led to Polestar’s retail footprint more than doubling to 100 locations around the world
The company, owned by Volvo and China’s Geely, hopes to grow to 150 locations by the end of 2022, and 30 international markets by the end of 2023.
One of those new locations was a unique store in Montreal made out of recycled shipping containers.