Polestar electric vehicles are in high demand. Will the quotes follow?
The Swedish electric car manufacturer Polestar Automotive Holding UK (PSNY) last week published data on deliveries. Polestar products attract consumers’ attention, and the company expects to achieve the target of deliveries by the end of 2022. Polestar has only three car models: the Polestar 1 sedan, the Polestar 3 crossover, and something in between a sedan and a crossover under the Polestar 2 index.
This last model with a universal design was the most popular among consumers. Polestar sold only the Polestar 2. A limited quantity of the Polestar 1 will be available from 2019 to 2021. won’t sell The Polestar 3 crossover until October 2022 and will only be made in the United States. Probably, it is Polestar 2 that can become the “golden mean” and the main driver of the company. This year Polestar plans to deliver at least 50,000 cars to customers. For comparison: in 2019, deliveries were 10,000, and in 2021 about 29,000. At the same time, Polestar 2 is not cheap and costs $ 50 thousand in the USA, excluding a subsidy of $ 7.5 thousand. Thus, in 2022 Polestar expects a 27% year-on-year increase in supplies.
Moreover, the demand is much higher than the company’s production capacity. Since the beginning of the year, users have already ordered 50 thousand Polestar cars, which is 350% more than a year earlier. A significant share by the car rental company Hertz Global Holdings, which contained the first batch of Polestar cars from the intentions announced in April to purchase 65 thousand vehicles within five years. Polestar cars will be available for rent in the USA in 2022. Polestar was previously part of Volvo, and the Swedish concern still owns a significant stake in Polestar and provides the company with its production infrastructure and logistics capabilities.
