Thursday, February 2, 2023

Polestar Meets Global Volume Target for 2022

Polestar expects global sales to grow nearly 60% to nearly 80,000 cars in 2023, led by strong sales of the Polestar 2 and first deliveries of the Polestar 3 at the end of the year.

“I am proud of the many milestones we achieved in 2022 and, in particular, the tremendous team effort that went into achieving our strongest quarter to date – exceeding our target of 50,000 global volumes for the year. We are now fully focused on 2023. There will be the usual quarterly changes, but I am confident that we will continue to actively manage our supply chain to meet the growing demand for Polestar 2, starting the first deliveries of Polestar 3 and launch Polestar 4.” Pole Star..

Pollstar expects to publish its preliminary unaudited estimates (1) of its financial results for the year ended December 31, 2023, on Thursday, March 2, 2023, prior to the US market open. Pollstar’s CEO and CFO will conduct a live audio webcast on March 2 in connection with the release of these preliminary unaudited estimated results. , 2023 at 08:00 ET (14:00 CET). The relevant documents and a link to the live audio webcast will be available on Polestar’s Investor Relations website at https://investors.polestar.com/.

(1) These unaudited preliminary estimates are based on Pollstar’s management’s best current estimates and are subject to risks and uncertainties. Pollstar’s independent firm of registered public accountants, Deloitte AB (“Deloitte”) has not audited, reviewed, compiled or taken any action with respect to the Preliminary Projected Information without examining it. Accordingly, Deloitte expresses no opinion or warranty of any other form with respect thereto. Pollstar’s audited financial statements for the year ended December 31, 2022 will be included in its Annual Report on Form 20-F, which Polestar expects to file by the end of April 2023.

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