Swedish electrical automobile maker Polestar mentioned Friday that it’s nonetheless on monitor to ship 50,000 autos in 2022 after its manufacturing facility resumed full manufacturing following disruptions from Covid outbreaks in China.

Polestar mentioned it delivered 9,215 autos within the third quarter, bringing its whole deliveries up to now this yr to about 30,400 autos. That is roughly double its whole from a yr in the past – however the fourth quarter can be a crucial for the corporate’s targets.

Polestar’s shares have been up about 3% in premarket buying and selling following the information.

CEO Thomas Ingenlath mentioned in a press release that he is assured Polestar will hit its goal, because it’s already delivery lots of the automobiles it expects to ship by year-end.

“We would have liked to compensate for manufacturing after Covid-19 associated setbacks in China and now we have,” Ingenlath mentioned.

Polestar’s company dad or mum, Chinese language automaker Geely, needed to idle its Luqiao manufacturing facility for a number of weeks within the first half of 2022 due to government-mandated Covid-19 lockdowns. That manufacturing facility makes the Polestar 2 crossover in addition to fashions for different Geely manufacturers.

Polestar is a three way partnership between Sweden’s Volvo Automobiles and Geely, which has owned Volvo Automobiles since 2010. It went public by way of a merger with a special-purpose acquisition firm in June.

Polestar’s subsequent mannequin, an SUV referred to as Polestar 3, can be made in each Luqiao and the U.S., the place it is going to be produced at a Volvo plant in South Carolina. The Polestar 3 is anticipated to make its formal debut at an occasion in Copenhagen subsequent week, with manufacturing starting quickly thereafter.