Polestar confirms it is on observe to fulfill 2022 deliveries steerage

Swedish electrical car maker Polestar mentioned Wednesday that it nonetheless expects to ship 50,000 autos in 2022, in keeping with its earlier steerage, regardless of Covid-related manufacturing challenges at its manufacturing facility in China.

Polestar mentioned in a press release that it delivered about 21,200 autos within the January-to-June interval, up 123% from the identical interval in 2021.

That whole was restricted by government-mandated Covid-19 lockdowns that idled Polestar’s Chinese language meeting line for a number of weeks within the first half. The manufacturing facility is now up and operating on two shifts, Polestar mentioned, and it’ll purpose to make up the misplaced manufacturing over the following a number of months.

Polestar is a three way partnership between Sweden’s Volvo Cars and Volvo Vehicles’ company mum or dad, the Chinese language automaker Geely. The corporate went public by way of a merger with a special-purpose acquisition company in June. It plans to start manufacturing of its third mannequin, an electrical SUV known as the Polestar 3, at a U.S. manufacturing facility owned by Volvo this fall.

CEO Thomas Ingenlath mentioned in a press release that the Polestar 3’s launch shall be “an essential subsequent step” towards the corporate’s standing purpose of promoting 290,000 autos worldwide in 2025. Two extra Polestars will observe the three: a smaller coupe-like SUV known as the Polestar 4, and the Polestar 5, a flagship luxurious sedan based mostly on the corporate’s well-regarded Principle idea automobile. Each are anticipated to launch earlier than the tip of 2025.

Polestar additionally supplied an replace on its rising retail community. The corporate is now working a complete of 125 retail areas in 25 nations, up from 103 areas in 19 nations on the finish of 2021. It expects to open about 30 extra shops by the tip of this yr.