Polestar Aims For 50,000 Car Deliveries In 2022

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Polestar Aims For 50,000 Car Deliveries In 2022

Benzinga2022-10-07

Electric vehicle maker Polestar Automotive Holding UK PLC reported third-quarter vehicle delivery of 9,215 units.

Year-to-date vehicle delivery jumped 100% year-on-year to 30,400 cars.

A recent ramp-up in production following COVID-19 disruptions in China earlier in 2022 has resulted in significantly higher production rates, said Polestar.

The company expects to meet its 50,000 global volume target for 2022 by delivering the remaining vehicles in Q4.

"We needed to catch up on production after Covid-19 related setbacks in China and we have," said CEO Thomas Ingenlath.

The company will post its financial and operational results for the third quarter of 2022 on Friday, November 11, 2022.

Price Action: PSNY shares are trading lower by 4.08% at $5.4 on the last check Friday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Bank of Arai
·2022-10-09
Ok
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Tinycub22
·2022-10-08
Electric vehicle market is raising in the China, will not surprise if the share continue to raise
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