Polestar, the Swedish electric performance car brand, delivered approximately 54,600 cars globally in 2023, representing a 6% growth compared to 2022. The company's fourth quarter deliveries reached about 12,800 units, including 880 Polestar 4 vehicles in China.Polestar continues to expand its product lineup, with production of Polestar 3 starting in Chengdu, China in February 2024 and expected to commence in South Carolina, USA in summer 2024. The company also began deliveries of Polestar 4 in China in December 2023, with European and Australian sales launching in January 2024.To support its growth, Polestar secured $950 million in external debt funding from 12 international banks. The company is implementing a focused market approach, including a new joint venture in China, and plans to optimize its US business through localized manufacturing. Polestar aims to improve profitability through cost reductions, marketing efficiency, and R&D prioritization while maintaining its commitment to sustainability and innovation in electric vehicle technology.

Polestar, the Swedish electric performance car brand, delivered approximately 54,600 cars globally in 2023, representing a 6% growth compared to 2022. The company's fourth quarter deliveries reached about 12,800 units, including 880 Polestar 4 vehicles in China.Polestar continues to expand its product lineup, with production of Polestar 3 starting in Chengdu, China in February 2024 and expected to commence in South Carolina, USA in summer 2024. The company also began deliveries of Polestar 4 in China in December 2023, with European and Australian sales launching in January 2024.To support its growth, Polestar secured $950 million in external debt funding from 12 international banks. The company is implementing a focused market approach, including a new joint venture in China, and plans to optimize its US business through localized manufacturing. Polestar aims to improve profitability through cost reductions, marketing efficiency, and R&D prioritization while maintaining its commitment to sustainability and innovation in electric vehicle technology.