Polestar delivered an estimated 12,304 vehicles in Q1 2025 — a 76% increase compared to Q1 2024, with sales holding steady versus Q4 2024 despite a challenging global economic environment. This growth has been driven by rising demand for newer models and the brand’s shift toward a more active selling model.
Polestar CEO Michael Lohscheller commented: “We are on the right track and doing the right things. I’m pleased with the progress we’re making in transforming our commercial operations. With a more active selling model, more retail partners, and attractive cars, we are delivering results. At the same time, we’re closely monitoring the volatile geopolitical landscape and will adapt as needed.”
Q1 Retail Sales Overview:
- Q1 2025: 12,304 cars
- Q1 2024: 6,975 cars
- Year-over-Year Change: +76%
Polestar plans to release its full-year 2024 financial results and file its annual Form 20-F report by the end of April 2025.
