Polestar CEO Confident in Meeting Growing Demand in 2023
Swedish electric performance car brand delivers over 21,000 vehicles in Q4 2022.
Staff or Guest writer for The Dog of Wall Street.
2023-01-09 15:11

Polestar, the Swedish electric performance car brand, announced strong delivery numbers for the fourth quarter of 2022, with approximately 21,000 vehicles delivered. This brings the preliminary estimate for full year global volumes to 51,500 cars, an impressive 80% increase from the previous year. The company is looking to continue this growth in 2023, with a projected increase of nearly 60% to approximately 80,000 cars. This ambitious target will be driven by strong sales of the Polestar 2 and, later in the year, the first deliveries of the Polestar 3.Polestar CEO Confident in Meeting Growing Demand in 2023
These impressive delivery numbers are a testament to the increasing demand for electric vehicles and the success of Polestar's strategy to meet that demand. The company's CEO, Thomas Ingenlath, expressed pride in the "massive team effort" that went into achieving the strong quarter and meeting the 50,000 global volumes target for the year. He also emphasized the importance of actively managing the supply chain to meet the growing demand for the Polestar 2 and preparing for the launch of the Polestar 4.

As the electric vehicle market continues to grow and evolve, it will be interesting to see if Polestar is able to maintain its impressive delivery numbers and achieve its ambitious target for 2023. The company's success will not only be a win for Polestar, but also a positive step towards the wider goal of reducing carbon emissions and promoting sustainability in the automotive industry.

Click here for the press release.

Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

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2023-01-09 15:11

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