Electric vehicle manufacturer Polestar delivered 13,126 cars in the first quarter of 2026, representing a 7 percent increase compared to the same period last year, according to a press release.
"Following a record-breaking 2025, we are now reporting our highest-ever sales for a first quarter, with 13,126 vehicles delivered. The 7 percent year-on-year growth is driven by strong performance across several of our key markets, including Australia, Germany, Sweden, South Korea, and the United Kingdom," commented CEO Michael Lohscheller.
Polestar has expanded its retail footprint to 230 locations, a 50 percent increase from the 154 sites operated at the end of the first quarter last year.
The company aims to further expand its sales network to 250 locations by year-end, which would represent a 20 percent increase compared to the end of 2025.
Volvo Car AB is a Sweden-based automotive brand. Volvo Car Group is focused on the design, engineering, manufacturing, distribution and sale of passenger cars, with particular focus on sustainability, fully electric cars and direct consumer relations, including subscription and other new mobility services. Volvo Car Group’s addressable market is the global premium passenger car market. Moreover, the Company’s intention is to be a pure electric car company and as a result it is undergoing a shift in its business model to a direct sales model in most of its markets. Volvo Cars’ commitment to electrification also results in the launch of Polestar, a progressive stand-alone electric performance car brand, in which Volvo Cars owns shares. Volvo Cars also holds shares in the automotive brand LYNK&CO, which focuses on young open-minded urban people through a flexible customer offering.
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