Swedish electrical car maker Polestar mentioned Wednesday that it nonetheless expects to ship 50,000 automobiles in 2022, consistent with its earlier steering, regardless of Covid-related manufacturing challenges at its manufacturing unit in China.
Polestar mentioned in a press release that it delivered about 21,200 automobiles within the January-to-June interval, up 123% from the identical interval in 2021.
That whole was restricted by government-mandated Covid-19 lockdowns that idled Polestar’s Chinese language meeting line for a number of weeks within the first half. The manufacturing unit is now up and working on two shifts, Polestar mentioned, and it’ll goal to make up the misplaced manufacturing over the following a number of months.
Polestar is a three way partnership between Sweden’s Volvo Automobiles and Volvo Automobiles’ company mum or dad, the Chinese language automaker Geely. The corporate went public by way of a merger with a special-purpose acquisition firm in June. It plans to start manufacturing of its third mannequin, an electrical SUV referred to as the Polestar 3, at a U.S. manufacturing unit owned by Volvo this fall.
CEO Thomas Ingenlath mentioned in a press release that the Polestar 3’s launch can be “an necessary subsequent step” towards the corporate’s standing purpose of promoting 290,000 automobiles worldwide in 2025. Two extra Polestars will comply with the three: a smaller coupe-like SUV referred to as the Polestar 4, and the Polestar 5, a flagship luxurious sedan primarily based on the corporate’s well-regarded Principle idea automobile. Each are anticipated to launch earlier than the top of 2025.
Polestar additionally supplied an replace on its rising retail community. The corporate is now working a complete of 125 retail places in 25 nations, up from 103 places in 19 nations on the finish of 2021. It expects to open about 30 extra shops by the top of this 12 months.
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