Polestar Hits $1 Billion Mark in H1 2022      

Polestar, the new kid on the block Swedish electric performance car brand, is reporting that it has  achieved a turnover of $1 billion in the first six months of 2022. While it doesn’t seem five minutes since the manufacturer first opened its initial outlets, we’ve got to admit it’s a hell of an achievement.

Not least when we see that this is actually a rise of 95% on the previous six months.

Thomas Ingenlath, Polestar CEO, comments: “We made important progress in the first half of 2022 as we doubled revenues and volume, and successfully listed on the Nasdaq stock exchange in New York. In addition, we maintained strong momentum in our global order take and expect to deliver 50,000 cars to our customers this year, meeting our 2022 sales guidance. With several ground-breaking cars to come, Polestar is poised for a period of rapid growth.”

Of course, it has huge ambitions and is steering a straight course to deliver on its full-year target of 50,000 cars.