Polestar confirms it’s on track to meet 2022 deliveries guidance

Attendees see a Polestar 2 electric motor vehicle (EV) through the Electrify Expo in Irvine, California, U.S., on Saturday, Sept. 18, 2021.

Jill Connelly | Bloomberg | Getty Visuals

Swedish electric powered automobile maker Polestar mentioned Wednesday that it nevertheless expects to produce 50,000 cars in 2022, in line with its previously steerage, inspite of Covid-linked manufacturing worries at its manufacturing unit in China.

Polestar claimed in a statement that it delivered about 21,200 motor vehicles in the January-to-June period of time, up 123% from the similar period in 2021.

That whole was minimal by authorities-mandated Covid-19 lockdowns that idled Polestar’s Chinese assembly line for many months in the first half. The manufacturing unit is now up and operating on two shifts, Polestar reported, and it will intention to make up the dropped manufacturing over the following numerous months.

Polestar is a joint undertaking in between Sweden’s Volvo Cars and trucks and Volvo Cars’ company father or mother, the Chinese automaker Geely. The company went community through a merger with a specific-function acquisition firm in June. It programs to commence manufacturing of its third product, an electric powered SUV called the Polestar 3, at a U.S. manufacturing unit owned by Volvo this fall.

CEO Thomas Ingenlath said in a assertion that the Polestar 3’s launch will be “an crucial future move” towards the firm’s standing intention of marketing 290,000 motor vehicles around the world in 2025. Two additional Polestars will comply with the 3: a more compact coupe-like SUV identified as the Polestar 4, and the Polestar 5, a flagship luxury sedan centered on the firm’s effectively-regarded Precept principle vehicle. The two are expected to launch just before the conclusion of 2025.

Polestar also provided an update on its rising retail community. The enterprise is now operating a whole of 125 retail destinations in 25 nations around the world, up from 103 spots in 19 countries at the conclude of 2021. It expects to open up about 30 a lot more stores by the end of this yr.