Overview

• Polestar achieved a 76% year-over-year increase in Q1 2025 sales, delivering approximately 12,304 vehicles globally.
• Aggressive discounts and promotions played a key role in boosting sales despite economic challenges and heightened competition.
• The company has halted online sales of the Polestar 2 in the U.S. due to new tariffs and plans to prioritize other models in the market.
• Polestar is expanding its production footprint by reducing reliance on China, increasing U.S. manufacturing, and planning Polestar 4 production in South Korea by late 2025.
• European markets showed strong growth, with record sales in the UK and triple-digit year-over-year increases in Switzerland and Portugal.