Polestar

Polestar Expects To Sell 80K EV's in 2023! 60% YOY Growth

Kitai

Jan 12, 2023 — 3 min read

Written by Kitai | LinkedIn | Twitter | YouTube

The Polestar 3 will be the perfect vehicle to increase sales and establish the carmaker as a leader in premium cars.

The Swedish electric performance car brand reported in the fourth quarter of 2022 delivering around 21,000 vehicles, which brings the estimated worldwide volumes for the complete year to 51,500 cars - an 80% jump from the previous year.

In 2023, Polestar anticipates worldwide production to rise by almost 60%, likely reaching 80,000 cars. This growth is expected to be driven mainly by strong sales of Polestar 2, and will be further reinforced in the latter part of the year with the first handovers of Polestar 3.

"I’m proud of the many milestones we achieved in 2022 and in particular the massive team effort that went into delivering our strongest quarter to date – surpassing our 50,000 global volumes target for the year. We are now fully focused on 2023. There will be the usual quarterly variations, but I’m confident that we will continue to actively manage our supply chain to meet the growing demand for Polestar 2, commence first deliveries of Polestar 3 and launch Polestar 4," says Polestar CEO, Thomas Ingenlath.

The Polestar 3 is an essential part of the company's plans to expand worldwide. More expensive and luxurious than its predecessor, the Polestar 3, it will compete with both conventional SUVs such as the Porsche Cayenne.

Polestar 3 Premium SUV

Polestar unveiled the 3, their first foray into the ever-popular SUV market, in Copenhagen. This all-electric model sports a dual-motor arrangement that produces up to 510 horsepower and a huge 671 pound-feet of torque. The 107.0-kWh battery promises an EPA test cycle range of 300 miles with the standard package, or 270 miles if you choose the Performance pack. Slated for release in Q4 2023, prices start at $85,300 and include Polestar's Pilot and Plus packages in the first model year.

Skip the Performance package and the dual-motor 3 already delivers 483 hp and 620 pound-feet. Its acceleration is also noteworthy, with Polestar claiming zero to 60 mph in 4.9 seconds or under 4.6 seconds with the Performance version. Top speed is estimated at around 130 mph, and all-wheel drive is standard thanks to its dual-motor setup - with rear bias - plus torque vectoring for the rear motor to give a boost to handling.

We made a video on this topic, check it to learn more. ⇣⇣⇣

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