Polestar delivers 15,765 vehicles in second quarter of 2023

Polestar Automotive Holding the Swedish electric performance car brand has reported its results for the second quarter of 2023.  

Polestar says it delivered 15,765 vehicles during the second quarter, a growth of 36% compared to last year. 

With record global deliveries of 27,841 units for the first six months, Polestar still expects to deliver 60,000-70,000 vehicles and a gross margin of 4% in 2023. 

“We achieved record volume growth during the second quarter. Deliveries of our significantly upgraded Polestar 2 are now ramping up,” Polestar chief executive Thomas Ingenlath says. 

With Polestar 4 expected to start production in November and Polestar 3 in the first quarter of next year, we are entering an exciting phase of higher volumes and value from our expanded model range.” 

An investor update presentation is available on the Polestar investor relations website. 

Management’s discussion and analysis of financial conditions and results of operations and unaudited condensed consolidated financial statements, are available on the Polestar investor relations website and will be filed with the SEC.