Swedish electric automaker Polestar announced this week that it reached global sales of 29,000 vehicles in 2021, representing a year-on-year growth of over 185%.
Polestar, which makes the Polestar 1 hybrid and the Polestar 2 EV, had a good 2021, not only seeing year-on-year sales growth but also expanded its global presence from 10 to 19 markets, seeing growth across Europe and the Asia Pacific.
The figures serve as a strong platform from which Polestar hopes to continue growing its business, starting with plans to expand into Spain, Portugal, and Ireland in the first half of 2022, followed by entrance into the Middle East with sales in the UAE, Kuwait, and Israel.
By the end of 2023, if all goes according to plan, Polestar is aiming to be operating in at least 30 global markets.
“We are delivering on our targets,” said Thomas Ingenlath, Polestar CEO. “It is a hugely exciting time for the brand, with new markets and models to support the ambitious growth plans we have set for ourselves. Thanks to the relentless dedication of Polestar employees across the globe, we are progressing with confidence towards our proposed public listing.”
Mike Whittington, Polestar’s head of sales, said that looking forward, orders are “strong”.
Additionally, Polestar expanded its retail footprint in its existing markets during 2021, more than doubling to 100 locations globally, and aims to expand that again to 150 retail locations by the end of 2022.
Australians will soon be able to begin driving the Polestar 2, with orders opening back in November ahead of deliveries expected for February. Unsurprisingly, given the increasing success of the Polestar 2 overseas, Australian’s jumped at the chance to order one, with 3,000 test drives booked and maybe as many pre-orders recorded by the beginning of December.