Polestar reports a 76% sales increase in the first quarter

Swedish EV performance brand Polestar has reported sales of 12,304 cars for the first quarter of 2025, up 76% on 6975 sales in the first quarter of 2024.

The results were also stable from the fourth quarter of 2024, against a challenging economic environment says the Swedish manufacturer.

It says sales are supported by a growing uptake of newer models and the ongoing transition to an active selling model (through retail sites, ie, dealerships).

“We are on the right track and doing the right things. I’m pleased with the progress we are making in transforming our commercial operations,” Polestar chief executive Michael Lohscheller says. 

“With a more active selling model, more retail partners and attractive cars, we are delivering results. At the same time, we are monitoring closely and assessing the volatile geopolitical environment and will adapt as needed,” 

Polestar expects to publish its full-year results for 2024 and file its annual report by the end of April 2025.