Polestar Automotive (NASDAQ: PSNY), the Swedish electric performance car brand, has reported record first quarter 2023 deliveries of 12,076 cars, up 26% year on year. The Company says that it has experienced strong growth over the past five years and established a global footprint with 100,000 cars on roads across 27 markets. 

Polestar also recently launched two new cars – Polestar 3 and Polestar 4 – to address the popular SUV segment.

The Company aims to deliver 60,000 to 70,000 vehicles globally in 2023, representing a growth rate of 16% to 36% compared to the previous year. The launch of the Polestar 4 remains scheduled for late 2023 in China and early 2024 in other markets.

Thomas Ingenlath, Polestar CEO stated: “While production of Polestar 3 will now start in the first quarter of 2024, the successful launch of Polestar 4 last month means that we add two strong offers in the attractive electric SUV market in 2024.”

Headquartered in Gothenburg Sweden, Polestar vehicles are available online globally across North America, Europe and Asia Pacific.

Shares of Polestar trade on the NASDAQ under the ticker symbol PSNY.