The electric-vehicle start-up said deliveries of its improved Polestar 2 sedan have started and it has now manufactured 150,000 EVs since the company began.
Polestar Automotive hit a milestone. And It continues to grow even as catching Tesla has proved harder than many imagined.
Polestar delivered about 27,900 in the first six months of this year. Company guidance is to deliver 60,000 to 70,000 vehicles in 2023. “The upgraded Polestar 2 is the best version to date. With improved software, better quality, longer range, and faster charging, it is the basis from which we continue to grow our business,” said CEO Thomas Ingenlath in a news release.
Up is good, but Polestar stock, along with shares of other EV start-ups have struggled, lately. Shares are down 57% over the past 12 months. Shares of Rivian Automotive , Lucid , and Fisker are off 38%, 62%, and 34%, respectively, over the same span.
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