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Data Shows Polestar Delivering On Growth Promises And Then Some
The EV manufacturer has done an excellent job continuing to move onward and upward
All up and coming companies have grand plans for quick growth and evolution into a power player within their respective market. delivering on these bold promises is usually another matter altogether. However, one company that seems to be putting their money where their mouth is is EV manufacturer Polestar, which has been regularly going above and beyond on many of their plans for growth.
Swedish-Chinese EV maker Polestar is currently awaiting the finalization of a SPAC merger with Gores Guggenheim, Inc. (GGPI), which could happen by the end of this month. Polestar has produced highly regarded vehicles since 2017 and has continued to report aggressive growth plans to investors. In 2020, they earned approximately $645 million in revenue, which WCCTech indicates was more than 600% growth relative to 2019. They followed that up by selling 29,000 vehicles in 2021, representing a 185% increase in sales year over year.
Among their projections, Polestar has they plan to sell 290,000 vehicles in 2025, which includes 160,000 EV SUVS. Instead of producing boring cookie cutter models, they are striving for something that provides a unique Polestar experience to…
