Polestar, an electric car manufacturer controlled by Volvo and Geely, recently released their first quarter financial report for 2023, refreshing the delivery volume to 12,076 vehicles, an increase of 26% year-on-year. However, due to the unfavorable impact of the global macroeconomic environment on the auto industry, it announced that it would lower the annual delivery target set at the beginning of the year from 80,000 to 60,000 to 70,000.
The main reason for the reduction of Polestar’s delivery target is the delayed delivery of Polestar 3. It was previously reported that Polestar’s main shareholder and partner Volvo needs more time for software development and testing of the new electric vehicle platform for the EX90, so the delivery time of the next new car Polestar 3 sharing the platform will not be met. Not extended to the first half of 2024. Polestar also pointed out that the mass production plan of Polestar 4 will not be affected, and it is expected to be released in China in the fourth quarter of 2023.
Polestar 3 will be officially released in the Chinese market at the Shanghai Auto Show in 2023. The dual-motor long-endurance version is priced at 698,000 CNY and the dual-motor high-performance version is priced at 798,000 CNY. It was originally planned to start the first batch of deliveries in the fourth quarter of this year.
