Polestar has continued its march to significant growth in the global electric vehicle (EV) market ahead of the expansion of its model range and planned listing on the Nasdaq.

The Geely-owned OEM, which has three Polestar Space retail centres in the UK after launching with Paul Rigby Group in Birmingham earlier this year, is now live in 25 markets and has seen year-to-date sales grow 290% to over 32,000 units.

Almost 130 retail locations are now open globally, with a further 30 – including a Polestar Space in Glasgow – among those expected to open in 2022.

The acceleration in scale comes as the brand sets its sights on high-margin premium SUV segments with the imminent launch of the Polestar 3, which will be followed by Polestar 4 SUV coupe and Polestar 5 four-door GT.

Polestar chief executive Thomas IngenlathPolstar's two new SUVs alone are expected to command a production volume of 160,000 by 2025.

Login to continue reading

Or register with AM-online to keep up to date with the latest UK automotive retail industry news and insight.

Please enter your email
Looks good!
Please enter your Password
Looks good!