Polestar Q1 retail sales grew by 76% compared to the same quarter last year

Polestar (Nasdaq: PSNY) global retail sales volumes amounted to an estimated 12,304 cars in Q1 2025, up 76% versus Q1 2024 and were stable versus Q4 2024, against a challenging economic environment. Sales are supported by a growing uptake of newer models and the ongoing transition to an active selling model.

Breakdown of retail sales volumes:

Q1 2025 Q1 2024 Change (%)

UK Results

Polestar UK continues its growth trajectory with a record-breaking Q1 delivering 3,695 Polestars to customers across the country outperforming the EV market by 161%. According to SMMT published figures, Polestar is the fastest growing European brand in the UK.

Year on year growth was 185% year to date versus last year driven by new product and retailer expansion.

Matt Galvin, Managing Director, Polestar UK commented: 'Polestar is gaining serious momentum in the UK and is now a common sight on British roads.

'The success is driven by our award-winning line-up of performance EVs together with our dedicated retailer partners and team at HQ who work very hard together to produce these excellent results.'

With three performance EVs, Polestar 2, 3 and 4 now on the market, the number of Polestar Spaces in the UK will grow from today's nine to 17 in the next 18 months.

In just five years, there are now 37,000 zero-tailpipe emission Polestars on UK roads.

Polestar expects to publish its full year results for 2024 and file its annual report on Form 20-F, by the end of April 2025.

Photo credit: Polestar
posted on conceptcarz.com

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