Polestar, a Swedish electric vehicle maker, stated on Friday that it is still on its path to deliver 50,000 vehicles in 2022. The factory resumed production following disruptions imposed by the Covid-19 pandemic.
Polestar said it has delivered 9,215 vehicles in the third quarter of 2022, bringing the total deliveries this year to approximately 30,400 vehicles for the first nine months of 2022, as per CNBC. The fourth quarter will be critical for the company’s goals.
“We needed to catch up on production after Covid-19 related setbacks in China and we have. The majority of Polestar 2 cars set for delivery in Q4 are ready and making their way to our customers in 27 markets around the world, with the fourth quarter set to be our strongest on record yet. I am confident we will meet our target of 50,000 cars for this year.” said Polestar CEO, Thomas Ingenlath.
Chinese automaker Geely, Polestar’s corporate parent, had to pause operations in its Luqiao factory for several weeks in the first half of 2022 due to government-mandated Covid-19 lockdowns. That factory makes the Polestar 2 crossover as well as models for other Geely brands.
On the other hand, Polestar’s next model, an SUV called Polestar 3, will be made both in Luqiao and the U.S where it will be produced at a Volvo plant in South Carolina. An event in Copenhagen on Wednesday is where the Polestar 3 is expected to make its formal debut, and productions to begin soon thereafter.
Additionally, according to PR Newswire, Polestar expects to post its financial and operational results for the third quarter of 2022 on Friday, November 11, 2022, before market opening in the USA. Polestar’s CEO and CFO will hold a live audio webcast that day at 08:00 EDT (14:00 CET) to discuss the Company’s financial and operational results and outlook. Relevant documents and a link to the live audio webcast will be available on the Polestar Investor Relations website at https://investors.polestar.com/.
