Polestar confirms it will deliver 50,000 electric vehicles in 2022

Polestar, the Swedish electric powered effectiveness auto business, has introduced that the earth premiere of its up coming auto, the Polestar 3 electric functionality SUV, will be in October 2022. Polestar 3 is the company’s first SUV.

Courtesy: Polestar

Swedish electrical auto maker Polestar claimed Friday that it is continue to on keep track of to supply 50,000 autos in 2022 right after its manufacturing unit resumed whole output pursuing disruptions from Covid outbreaks in China.

Polestar explained it shipped 9,215 cars in the 3rd quarter, bringing its total deliveries so significantly this 12 months to about 30,400 autos. Which is roughly double its overall from a yr back — but the fourth quarter will be vital for the firm’s aims.

Polestar’s shares were being up about 3% in premarket buying and selling pursuing the news.

CEO Thomas Ingenlath stated in a assertion that he’s assured Polestar will hit its focus on, as it’s presently transport many of the vehicles it expects to provide by yr-conclusion.

“We essential to catch up on output just after Covid-19 related setbacks in China and we have,” Ingenlath explained.

Polestar’s corporate dad or mum, Chinese automaker Geely, had to idle its Luqiao factory for quite a few months in the 1st half of 2022 mainly because of government-mandated Covid-19 lockdowns. That manufacturing facility makes the Polestar 2 crossover as properly as types for other Geely brands.

Polestar is a joint venture in between Sweden’s Volvo Autos and Geely, which has owned Volvo Automobiles because 2010. It went community by means of a merger with a distinctive intent acquisition corporation in June.

Polestar’s up coming design, an SUV referred to as Polestar 3, will be produced in both of those Luqiao and the U.S., in which it will be manufactured at a Volvo plant in South Carolina. The Polestar 3 is envisioned to make its formal debut at an function in Copenhagen on Wednesday, with generation starting quickly thereafter.