Polestar Successfully Lands on NASDAQ in New York
Polestar, with stock code PSNY, has been trading on NASDAQ since June 24th, marking another milestone since its launch in 2017. Polestar has released two models and delivered more than 55,000 units globally.
Polestar CEO Thomas Ingenlath said:
This is a moment that makes the entire Polestar team proud. Polestar is opening a new chapter, and if one word could sum it up, it would be “growth.”
By 2025, our global annual sales target is 290,000 units, realizing a tenfold increase compared to 2021.
Polestar has already achieved success in its business operations. Going public has not only brought financial support to Polestar but also provided an essential platform for us to achieve our brand’s lofty goals and help Polestar continue to lead the industry and achieve its sustainable development goals.
Recently, Polestar announced that the Polestar 2 has accumulated over 32,000 orders for 2022, a 290% increase year-on-year. Polestar’s global business has also expanded from 19 global sales markets at the end of 2021 to 25, and more than 130 retail stores have opened.
On June 28th, Polestar will hold a bell-ringing ceremony at NASDAQ to celebrate becoming a publicly traded company.
Polestar is headquartered in Gothenburg, Sweden, and currently operates sales businesses in multiple markets, including Europe, North America, China, and the Asia-Pacific region. Polestar plans to expand to a total of 30 sales markets globally by 2023.
At present, Polestar’s car products are manufactured in two production bases in China, and the company plans to establish new production bases in the United States in the future.
Starting in 2022, Polestar plans to launch a new pure electric product every year. The Polestar 3, as the company’s first high-performance pure electric SUV, is expected to make its global debut in October 2022. The Polestar 4, a high-performance pure electric coupe SUV, will be released in 2023. The high-performance pure electric 4-door GT sports coupe Polestar 5 is planned for release in 2024.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.