Michael Elkins | Investing.com
Published Jul 06, 2023 13:44
Shares of Swedish electric car company, Polestar (NASDAQ:PSNY) gained as much as 7% in premarket trading on Thursday after the automaker released record 2Q23 global production and delivery numbers.
Polestar experienced its most successful second quarter to date, as it delivered approximately 15,800 vehicles, marking a remarkable 36% growth compared to the previous year. The company’s global deliveries for the first half of the year reached a record-breaking figure of around 27,900 vehicles, demonstrating a strong trajectory. As a result, Polestar is well-positioned to achieve its target of delivering 60,000 to 70,000 vehicles in 2023.
Polestar CEO, Thomas Ingenlath said, “As expected, deliveries have continued to gather pace from month to month, resulting in a record second quarter. I’m confident this trend will continue into the seasonally stronger second half of the year, which will also see the first deliveries of our significantly upgraded Polestar 2, with up to 22% longer range.
“More than 20 permanent Polestar Spaces are planned to open over the coming months, as we expand our footprint and shift from temporary locations into larger facilities that can accommodate our growing line-up. I’m really pleased that the first Polestar 3 display cars will be arriving in our Spaces in the coming weeks.”
Polestar expects to post its unaudited financial and operational results for the second quarter of 2023 on Thursday, 31 August 2023, before the market opens.
Shares of PSNY are up 5.44% in pre-market trading on Thursday.
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Written By: Investing.com
