Polestar has introduced its enterprise figures for the primary half of 2023. The electrical automotive model noticed its gross sales improve by 18 per cent year-on-year from January to June to round $1.2 billion (€1.11 billion).
Polestar posted a internet lack of about $313 million (€288.5 million) within the first half, in comparison with $503 million (€463.6 million) within the year-ago interval. This included a $274 million (€227.7 million) working loss in Q2 alone. Income in Q2 was $685 million (631 million euros), up 16 p.c from Q2 2022.
The corporate attributed the elevated income partly to cargo progress, but additionally to cost will increase, with increased gross sales partially offset “by distribution channels, product combine and better reductions,” Polestar mentioned. As well as, the doc factors to increased contract manufacturing and procurement prices for semiconductors and batteries.
The corporate delivered a complete of 27,841 electrical automobiles from January to June, 31 per cent greater than within the first half of 2022. As reported, 15,800 of those electrical automobiles had been delivered within the second quarter. For 2023 as an entire, the electrical automotive model is sticking to its goal of 60,000 to 70,000 automobiles, so deliveries within the second half of the 12 months should be barely increased than the 27,900 models.
Because the Polestar 3, already unveiled in 2022, will likely be delayed till 2024 (the deliberate begin of manufacturing is within the first quarter), Polestar should meet the 2023 targets solely with the Polestar 2. Revised 2024 fashions of the mid-size sedan have just lately begun delivery.
polestar.com (PDF)