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Polestar Preparing For Big Debut Of The Polestar 2 In Australia
The EV manufacturer is hoping to make inroads with their highly regarded car in a market with a growing amount of competition
EV manufacturer Polestar (GGPI) has worked tirelessly to establish itself in the competitive and explosive electric vehicle market. Another step in that process is their upcoming launch of their Polestar 2 in Australia, which they are hoping will make quite the splash.
As Swedish-Chinese EV maker Polestar awaits the finalization of a merger via SPAC with Gores Guggenheim, Inc. (GGPI), the EV space continues to see numerous companies working furiously to establish themselves as industry leaders. Polestar has already been producing well received quality vehicles since 2017. In 2020, they took in around $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.
With plans to grow like a weed, including projecting 290,000 vehicles sold in 2025, Polestar is clearly not content with simply being a vehicle assembly line. They are striving for something that screams to drivers they are driving a Polestar and that is a different experience than…
