Polestar delivers more than 54,000 vehicles in 2023

Polestar says it delivered 12,800 cars in the fourth quarter of 2023, including 880 Polestar 4 in China, taking its global deliveries for the year to approximately 54,600 cars, a growth of 6% compared to 2022. 

The manufacturer of performance electric vehicles says it continues to protect its brand position in a challenging market, resulting in fewer deliveries in the fourth quarter and now expects a break-even gross profit margin for the full year.

“The Polestar 4 has been very well received in China and ramping up production was an important milestone for us. Sales of our SUV coupé will start in Europe and Australia in the coming weeks,” Polestar chief executive Thomas Ingenlath says. 

“With the first deliveries of Polestar 3 expected in the summer, our shift from being a one to three-car company positions us for a transformative and exciting 2024.”

Polestar expects to post its preliminary unaudited financial and operational results for the full year 2023 on Thursday, February 2, 2024, before the market opens in New York.

A live audio webcast is scheduled to start at 08:00 US Eastern Time (14:00 Central European Time).

From Thursday, February 15, 2024, verified shareholders will be able to ask questions through the Say Technologies platform, accessible via the Polestar Investor Relations website.