Latest news with #Polestar2
Times
a day ago
- Automotive
- Times
Hunt looks a big figure now he's out of office
A surprise hit at the Buxton International Festival this year has been Jeremy Hunt. I was among a huge audience for an interview not only about the former chancellor's new book (Can We Be Great Again? — dubbed by one wag Can We Be a Bit Better Again?) but also about his life in politics. Modest, experienced, obviously capable, gently funny and courteous even about Liz Truss, whose economic mess he rescued us from, we may forget that though still quite young, Hunt has been culture secretary and health secretary, as well as foreign secretary and chancellor. When (he told us) he was on holiday abroad as a backbencher, and Downing Street telephoned to say the embattled Truss wanted to speak urgently to him, he assumed it was a hoax call and hung up. Literally everyone I've spoken to at Buxton who heard him was singing his praises. It made me think. Hunt, Hague, Balls, Osborne, Cameron, Milburn, Sunak, Blair, Major … these seem like big figures now that (as it were) they've gone. Were they really big — or did politics just get small? Being 75 and no Jeremy Clarkson I was bemused to be invited to drive a Polestar 2 for a fortnight — especially when they said I didn't need to write about it. But what the heck. So, for the record, it was fun. With a range of more than 300 miles I've been driving it all over the place; we already have an EV Fiat 500 which we love; and this latest experience convinces me that EVs are here to stay: solid, quiet, easy to drive, giddying acceleration … having now tried both a small electric runabout and a serene electric family saloon, there's no way now I'll ever go back to petrol engines. But (and it's a big but) please, please, Polestar, Tesla, all of you EV designers, stop asking us to use a tablet screen for our controls. If we want to play computer games we can do that in a lay-by, not at 70mph in the fast lane. It took both of us about 20 minutes to work out the in-car climate controls. Away with screens! Buttons, levers, knobs, things you push, pull, slide or twist while keeping your eyes on the road are so much more intuitive. Using smartphones when driving was criminalised for a reason. My favourite musical experience so far at Buxton has been the 'Shorts' evening: first performances of four 20-minute operas from young composers. And of these my favourite was the last, from Thanda Gumede: Tears Are Not Meant to Stay Inside, sung mostly in Zulu. I could even understand bits of the libretto without the surtitles. This was brilliant: African-influenced classical music, beautifully sung. A young black woman, isolated and lonely in the city, seeks help from what we once called a witchdoctor but now more accurately call a traditional healer who, helped by a bag of bones and relics, connects her with the world of spirits and ancestors. Connecting out, she also connects within, and is liberated. Moved as I was, I disagreed with the moral of the story. I believe that in tribal African cultures the chain of authority, the links between authority and the supernatural, the hierarchy mediating any individual's relations with the supernatural, and the fear, the cursing as well as the blessing that glues the system together, crushes the individual and incubates a collective cringe that goes with the grain of the Big Man politics poisoning Africa. But that's just my opinion; Gumede's opera, and the wonderful voices of Roberta Philip, Danielle Mahailet and Themba Mvula made me think — and, perhaps more important — made us feel. At Buxton I enjoyed too a work by a young Leonard Bernstein, Trouble in Tahiti, set around 1950. I all but detected an early draft of There's a Place for Us from West Side Story. But a thought on the visual scene. Formica table; two-piece grey suit and tie, short-back-and-sides for the husband; colourful frock for the wife. You could time-travel that scene to 2025 and the dislocation would be noticeable only at the margins. Over what other leap in our history (1875 to 1950? 1815 to 1890?) could you, with so little adjustment, update a scene by three quarters of a century?
Auto Blog
6 days ago
- Automotive
- Auto Blog
NHTSA Opens Probe Into Nearly 28,000 Polestar 2s
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. View post: Walmart is selling a 'powerful' $199 lawn mower for $100, and shoppers say it's 'easy to operate' Polestar 2 owners face another recall for a recurring issue The National Highway Traffic Safety Administration (NHTSA), the federal agency within the Department of Transportation responsible for automotive safety, announced on July 11 that it had opened a formal investigation into the Polestar 2 after complaints continue to pile up as the electric vehicle's rear-view camera continues to malfunction, even after multiple software fixes issued by the manufacturer. Previous Pause Next Unmute 0:00 / 0:09 Full screen Tesla sales in Europe drop yet again Watch More The Office of Defects Investigation (ODI), the division that handles recalls at the NHTSA, is investigating whether Polestar's remedies are adequate following two previous recalls that tried to fix the problem. The agency says it has received 109 consumer complaints involving 2021 through 2025 model year Polestar 2 vehicles, which allege that the rear-view camera image may be delayed, distorted, or not even show a picture at all when it is supposed to be crystal clear while backing up, which can significantly reduce visibility and potentially increase the risk of a crash. 2025 Polestar 2 — Source: Polestar So far, no crashes, injuries, or fatalities have been linked to this specific issue, which affects an estimated 27,816 Polestar 2 vehicles. However, under federal safety standards, specifically the Federal Motor Vehicle Safety Standard 111 (FMVSS 111) regarding rear visibility, all vehicles sold in the United States are required to provide a functioning rear-view camera that displays a clear image when said cars are shifted into reverse. Any failure to meet that standard can trigger regulatory action. The Volvo-linked Swedish EV brand backed by Geely first issued recall 24V-477 on June 26, 2024, which affected certain 2021–2024 Polestar 2 models. At the time, Polestar stated that the issue stemmed from graphical rendering limitations in the Infotainment Head Unit (IHU), which could prevent the rear-view camera feed from displaying correctly. 'Polestar proposed to remedy this condition via a software update to minimize an Infotainment Head Unit (IHU) graphical rendering limitation by shortening the retry times of the camera streams, as well as removing the rendering of the map in the driver display during backing events to release the graphic memory for the use of the rear-view camera,' ODI wrote in its report. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Polestar 2 — Source: Polestar However, that remedy didn't entirely fix the problem, as owners continued to report failures, even in vehicles that received the fix. This revelation triggered a second recall, specifically recall 25V-280 in April 2025, which expanded the scope of the problem and tried to fix it with a more drastic solution through an over-the-air software update. 'Polestar's stated remedy for this recall provided an additional software update intended to always maintain the high-speed signal connection between the Parking Assist Camera (PAC) and IHU, instead of toggling on and off by request. The update would also be designed to add a reset of the IHU video signal receiving hardware in case a synchronization error is detected, instead of just setting an error message.' Despite two different software bumps, complaints over the same issue started rolling in again. ODI says that on June 21, 2025, it began receiving reports from Polestar 2 owners who said their rear-view cameras were still not working properly, even after the latest update. By July, Polestar confirmed to ODI that its most recent over-the-air fix did not resolve the issue, which prompted the agency to launch a Recall Query to determine whether additional action is required. Final thoughts The sophisticated tech that goes into software-defined vehicles is cool and all, but what this situation highlights is that in this new era, there could be a gap between diagnosing and resolving hardware-software interactions that may not be easily corrected through traditional over-the-air updates. While OTA updates are faster and more convenient than dealer-based repairs, they may not always actually fulfill the reason why a recall is issued: to fix things. However, this is not the first time an automaker has had to readdress a previously 'fixed' problem, and the latest situation involving 1.2 million Ram trucks is proof that even analog, go-to-the-dealer type recalls cannot fix everything. About the Author James Ochoa View Profile
Yahoo
11-07-2025
- Automotive
- Yahoo
Polestar reports H1 sales ramped up 51%
Polestar, the Geely-owned car brand, has reported a 38% increase in retail sales volumes in the second quarter (Q2) of 2025, with an estimated 18,049 cars sold. For the first half of the year, Polestar has sold 30,319 cars, marking a 51% increase from the same period of the previous year. Polestar CEO Michael Lohscheller said: 'We've delivered another strong quarter of growth in increasingly challenging market and geopolitical conditions. 'Volume growth of 38% in the second quarter and 51% in the first half of the year is a clear sign that our retail expansion is delivering and that more customers are choosing Polestar.' This growth follows a strong Q1, where sales were up 76% compared to the same period in the previous year. In April, amidst a challenging economic environment, Polestar maintained stable sales from the last quarter of 2024, with Q1 2025 sales volumes reaching around 12,304 cars. The company has made a substantial $200m equity investment last month from PSD Investment, controlled by Eric Li, founder and chairman of Geely Holding Group. This investment came through the sale of 190 million Class A American Depositary Shares to PSD Investment by Polestar Automotive Holding UK. The Sweden car brand's expansion continued with the commencement of sales in France, making it the 28th market for the brand. Its French customers can order the full model lineup, including the Polestar 2, Polestar 3, and Polestar 4. Looking ahead, Polestar plans to introduce the Polestar 5 four-door GT this year, followed by the Polestar 6 roadster and the Polestar 7 compact SUV. The company has also signed a memorandum of understanding with Volvo Cars, another Geely unit, to manufacture the upcoming Polestar 7 in Kosice, Slovakia. The Polestar 7 is set to launch in 2028 and will be developed using engineering architectures from within the Geely Holding Group. It will benefit from group component sharing, 'next-generation battery density', and in-house developed e-motors. Polestar has its presence in 27 markets across Asia Pacific, Europe, and North America. "Polestar reports H1 sales ramped up 51%" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
The Advertiser
11-07-2025
- Automotive
- The Advertiser
Tesla arch-rival Polestar achieves sales record
Polestar has recorded a 51 per cent year-on-year increase in global sales for the first six months of 2025, giving the electric vehicle (EV) brand its highest ever sales figure for the first half of a year. The sales surge included a 23 per cent increase in Australia, powered by the introduction of the brand's first SUVs. The automaker's 30,319 vehicles sold globally to the end of June 2025 (H1) compares to 20,371 over the same period last year – heavily impacted by rental car giant Hertz's cancelled order – and betters 27,868 Polestars sold in the first half of 2023. It becomes the brand's best half-year sales by 28 cars after 30,291 Polestars were sold in the second half of 2022. The figure means Polestar is on track for a record year after 2024's 15 per cent decline to 44,851 full-year sales. Australia sales are up, too, with not only the aforementioned 23 per cent rise for H1, but also a more impressive 38 per cent rise in the second quarter of this year (April-June). Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Year-to-date, Polestar has sold 1173 cars in Australia, with the new Polestar 4 mid-size SUV – introduced in November last year – making up more than half, with 676 sales. Polestar is sitting at 35th in overall brand sales, above Genesis (#38, 765 sales) and fellow Geely-owned brand Zeekr (#41, 450 sales). While the Polestar 4 led the sales race, end-of-financial-year deals on the Polestar 3 and run-out deals – which remain ongoing – for the Polestar 2 also boosted sales. "It's exactly the target [of] where we want to be," Polestar Australia managing director Scott Maynard told CarExpert and select media on a conference call. Mr Maynard said its Australian sales numbers could have been higher, too"Our number in June [339] was slightly held back on the potential that we had, more by our ability to physically pre-deliver and deliver all of the cars that we had in our order bank," he said. "We carried an active order bank into July that's substantially more than the number that we put through the system in June – there's clearly some pent up demand, and our ability to service that is going to be key." Mr Maynard took over from Samantha Johnson as the head of the local arm of the EV maker just over 12 months ago. "I'm really comfortable with that result because it's driven predominantly by private [sales]; it's not being topped up by the bulk fleet deliveries that sustained our 2024 result," he said. "There was a particularly large bulk delivery through the system in June of last year, and despite that, we're still showing significant improvement. "That was the last of that style of bulk deliveries that we did. And whilst we still see a place for fleet, not in the same way, not with the same appetite that we were going for that large fleet in previous years to sustain the number. "To be able to show growth through predominantly private sales, that's going really well." Tesla still leads EV sales in Australia – despite sales declines both here and globally in the first half of the year – while the Tesla Model Y is the top-selling EV, with nearly triple the sales of the second-place BYD Sealion 7, and the Polestar 4 sitting 14th. Despite its growth, Polestar Australia sits behind the EV sales of Volvo, Mercedes-Benz and BMW – the latter of which has sold almost triple the number of EVs in Australia this year. "It doesn't greatly concern me that we're not outselling Volvo, given we don't have the same number of sales points, nor intend to, and we don't have the same breadth of range, and nor do we intend to, so I'm okay with that position," said Mr Maynard. "Some of those other brands are brands that have been operating in this country for many, many years, and for us to have been selling cars in Australia for three and two of those with one model puts us in a really strong position, provided we continue to grow like that, but I'm comfortable we can." The EV brand will open order books one another new model this year – the Porsche Taycan-rivalling Polestar 5 – but first customer deliveries won't be until 2026, so it won't add to its 2025 sales tally. It won't have another new vehicle in its lineup until the Polestar 7 SUV arrives in Australia – currently scheduled for 2028 – which will be followed by the delayed Polestar 6 sports car. "We're quite excited now about the second half, and we expect to see the same overall, better than the Australian market," Mr Maynard said. "If I look at the brands that are growing in Australia right now, and I'm talking across all drive platforms, not just EV, Polestar's growth is second only to Rolls-Royce and Mini," he added. "Now that's the premium competitor set that we analyse, but that set takes in all the brands I think we would generally consider in the premium set. So, it's the growth aspect that we're really thrilled about." MORE: Everything Polestar Content originally sourced from: Polestar has recorded a 51 per cent year-on-year increase in global sales for the first six months of 2025, giving the electric vehicle (EV) brand its highest ever sales figure for the first half of a year. The sales surge included a 23 per cent increase in Australia, powered by the introduction of the brand's first SUVs. The automaker's 30,319 vehicles sold globally to the end of June 2025 (H1) compares to 20,371 over the same period last year – heavily impacted by rental car giant Hertz's cancelled order – and betters 27,868 Polestars sold in the first half of 2023. It becomes the brand's best half-year sales by 28 cars after 30,291 Polestars were sold in the second half of 2022. The figure means Polestar is on track for a record year after 2024's 15 per cent decline to 44,851 full-year sales. Australia sales are up, too, with not only the aforementioned 23 per cent rise for H1, but also a more impressive 38 per cent rise in the second quarter of this year (April-June). Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Year-to-date, Polestar has sold 1173 cars in Australia, with the new Polestar 4 mid-size SUV – introduced in November last year – making up more than half, with 676 sales. Polestar is sitting at 35th in overall brand sales, above Genesis (#38, 765 sales) and fellow Geely-owned brand Zeekr (#41, 450 sales). While the Polestar 4 led the sales race, end-of-financial-year deals on the Polestar 3 and run-out deals – which remain ongoing – for the Polestar 2 also boosted sales. "It's exactly the target [of] where we want to be," Polestar Australia managing director Scott Maynard told CarExpert and select media on a conference call. Mr Maynard said its Australian sales numbers could have been higher, too"Our number in June [339] was slightly held back on the potential that we had, more by our ability to physically pre-deliver and deliver all of the cars that we had in our order bank," he said. "We carried an active order bank into July that's substantially more than the number that we put through the system in June – there's clearly some pent up demand, and our ability to service that is going to be key." Mr Maynard took over from Samantha Johnson as the head of the local arm of the EV maker just over 12 months ago. "I'm really comfortable with that result because it's driven predominantly by private [sales]; it's not being topped up by the bulk fleet deliveries that sustained our 2024 result," he said. "There was a particularly large bulk delivery through the system in June of last year, and despite that, we're still showing significant improvement. "That was the last of that style of bulk deliveries that we did. And whilst we still see a place for fleet, not in the same way, not with the same appetite that we were going for that large fleet in previous years to sustain the number. "To be able to show growth through predominantly private sales, that's going really well." Tesla still leads EV sales in Australia – despite sales declines both here and globally in the first half of the year – while the Tesla Model Y is the top-selling EV, with nearly triple the sales of the second-place BYD Sealion 7, and the Polestar 4 sitting 14th. Despite its growth, Polestar Australia sits behind the EV sales of Volvo, Mercedes-Benz and BMW – the latter of which has sold almost triple the number of EVs in Australia this year. "It doesn't greatly concern me that we're not outselling Volvo, given we don't have the same number of sales points, nor intend to, and we don't have the same breadth of range, and nor do we intend to, so I'm okay with that position," said Mr Maynard. "Some of those other brands are brands that have been operating in this country for many, many years, and for us to have been selling cars in Australia for three and two of those with one model puts us in a really strong position, provided we continue to grow like that, but I'm comfortable we can." The EV brand will open order books one another new model this year – the Porsche Taycan-rivalling Polestar 5 – but first customer deliveries won't be until 2026, so it won't add to its 2025 sales tally. It won't have another new vehicle in its lineup until the Polestar 7 SUV arrives in Australia – currently scheduled for 2028 – which will be followed by the delayed Polestar 6 sports car. "We're quite excited now about the second half, and we expect to see the same overall, better than the Australian market," Mr Maynard said. "If I look at the brands that are growing in Australia right now, and I'm talking across all drive platforms, not just EV, Polestar's growth is second only to Rolls-Royce and Mini," he added. "Now that's the premium competitor set that we analyse, but that set takes in all the brands I think we would generally consider in the premium set. So, it's the growth aspect that we're really thrilled about." MORE: Everything Polestar Content originally sourced from: Polestar has recorded a 51 per cent year-on-year increase in global sales for the first six months of 2025, giving the electric vehicle (EV) brand its highest ever sales figure for the first half of a year. The sales surge included a 23 per cent increase in Australia, powered by the introduction of the brand's first SUVs. The automaker's 30,319 vehicles sold globally to the end of June 2025 (H1) compares to 20,371 over the same period last year – heavily impacted by rental car giant Hertz's cancelled order – and betters 27,868 Polestars sold in the first half of 2023. It becomes the brand's best half-year sales by 28 cars after 30,291 Polestars were sold in the second half of 2022. The figure means Polestar is on track for a record year after 2024's 15 per cent decline to 44,851 full-year sales. Australia sales are up, too, with not only the aforementioned 23 per cent rise for H1, but also a more impressive 38 per cent rise in the second quarter of this year (April-June). Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Year-to-date, Polestar has sold 1173 cars in Australia, with the new Polestar 4 mid-size SUV – introduced in November last year – making up more than half, with 676 sales. Polestar is sitting at 35th in overall brand sales, above Genesis (#38, 765 sales) and fellow Geely-owned brand Zeekr (#41, 450 sales). While the Polestar 4 led the sales race, end-of-financial-year deals on the Polestar 3 and run-out deals – which remain ongoing – for the Polestar 2 also boosted sales. "It's exactly the target [of] where we want to be," Polestar Australia managing director Scott Maynard told CarExpert and select media on a conference call. Mr Maynard said its Australian sales numbers could have been higher, too"Our number in June [339] was slightly held back on the potential that we had, more by our ability to physically pre-deliver and deliver all of the cars that we had in our order bank," he said. "We carried an active order bank into July that's substantially more than the number that we put through the system in June – there's clearly some pent up demand, and our ability to service that is going to be key." Mr Maynard took over from Samantha Johnson as the head of the local arm of the EV maker just over 12 months ago. "I'm really comfortable with that result because it's driven predominantly by private [sales]; it's not being topped up by the bulk fleet deliveries that sustained our 2024 result," he said. "There was a particularly large bulk delivery through the system in June of last year, and despite that, we're still showing significant improvement. "That was the last of that style of bulk deliveries that we did. And whilst we still see a place for fleet, not in the same way, not with the same appetite that we were going for that large fleet in previous years to sustain the number. "To be able to show growth through predominantly private sales, that's going really well." Tesla still leads EV sales in Australia – despite sales declines both here and globally in the first half of the year – while the Tesla Model Y is the top-selling EV, with nearly triple the sales of the second-place BYD Sealion 7, and the Polestar 4 sitting 14th. Despite its growth, Polestar Australia sits behind the EV sales of Volvo, Mercedes-Benz and BMW – the latter of which has sold almost triple the number of EVs in Australia this year. "It doesn't greatly concern me that we're not outselling Volvo, given we don't have the same number of sales points, nor intend to, and we don't have the same breadth of range, and nor do we intend to, so I'm okay with that position," said Mr Maynard. "Some of those other brands are brands that have been operating in this country for many, many years, and for us to have been selling cars in Australia for three and two of those with one model puts us in a really strong position, provided we continue to grow like that, but I'm comfortable we can." The EV brand will open order books one another new model this year – the Porsche Taycan-rivalling Polestar 5 – but first customer deliveries won't be until 2026, so it won't add to its 2025 sales tally. It won't have another new vehicle in its lineup until the Polestar 7 SUV arrives in Australia – currently scheduled for 2028 – which will be followed by the delayed Polestar 6 sports car. "We're quite excited now about the second half, and we expect to see the same overall, better than the Australian market," Mr Maynard said. "If I look at the brands that are growing in Australia right now, and I'm talking across all drive platforms, not just EV, Polestar's growth is second only to Rolls-Royce and Mini," he added. "Now that's the premium competitor set that we analyse, but that set takes in all the brands I think we would generally consider in the premium set. So, it's the growth aspect that we're really thrilled about." MORE: Everything Polestar Content originally sourced from: Polestar has recorded a 51 per cent year-on-year increase in global sales for the first six months of 2025, giving the electric vehicle (EV) brand its highest ever sales figure for the first half of a year. The sales surge included a 23 per cent increase in Australia, powered by the introduction of the brand's first SUVs. The automaker's 30,319 vehicles sold globally to the end of June 2025 (H1) compares to 20,371 over the same period last year – heavily impacted by rental car giant Hertz's cancelled order – and betters 27,868 Polestars sold in the first half of 2023. It becomes the brand's best half-year sales by 28 cars after 30,291 Polestars were sold in the second half of 2022. The figure means Polestar is on track for a record year after 2024's 15 per cent decline to 44,851 full-year sales. Australia sales are up, too, with not only the aforementioned 23 per cent rise for H1, but also a more impressive 38 per cent rise in the second quarter of this year (April-June). Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Year-to-date, Polestar has sold 1173 cars in Australia, with the new Polestar 4 mid-size SUV – introduced in November last year – making up more than half, with 676 sales. Polestar is sitting at 35th in overall brand sales, above Genesis (#38, 765 sales) and fellow Geely-owned brand Zeekr (#41, 450 sales). While the Polestar 4 led the sales race, end-of-financial-year deals on the Polestar 3 and run-out deals – which remain ongoing – for the Polestar 2 also boosted sales. "It's exactly the target [of] where we want to be," Polestar Australia managing director Scott Maynard told CarExpert and select media on a conference call. Mr Maynard said its Australian sales numbers could have been higher, too"Our number in June [339] was slightly held back on the potential that we had, more by our ability to physically pre-deliver and deliver all of the cars that we had in our order bank," he said. "We carried an active order bank into July that's substantially more than the number that we put through the system in June – there's clearly some pent up demand, and our ability to service that is going to be key." Mr Maynard took over from Samantha Johnson as the head of the local arm of the EV maker just over 12 months ago. "I'm really comfortable with that result because it's driven predominantly by private [sales]; it's not being topped up by the bulk fleet deliveries that sustained our 2024 result," he said. "There was a particularly large bulk delivery through the system in June of last year, and despite that, we're still showing significant improvement. "That was the last of that style of bulk deliveries that we did. And whilst we still see a place for fleet, not in the same way, not with the same appetite that we were going for that large fleet in previous years to sustain the number. "To be able to show growth through predominantly private sales, that's going really well." Tesla still leads EV sales in Australia – despite sales declines both here and globally in the first half of the year – while the Tesla Model Y is the top-selling EV, with nearly triple the sales of the second-place BYD Sealion 7, and the Polestar 4 sitting 14th. Despite its growth, Polestar Australia sits behind the EV sales of Volvo, Mercedes-Benz and BMW – the latter of which has sold almost triple the number of EVs in Australia this year. "It doesn't greatly concern me that we're not outselling Volvo, given we don't have the same number of sales points, nor intend to, and we don't have the same breadth of range, and nor do we intend to, so I'm okay with that position," said Mr Maynard. "Some of those other brands are brands that have been operating in this country for many, many years, and for us to have been selling cars in Australia for three and two of those with one model puts us in a really strong position, provided we continue to grow like that, but I'm comfortable we can." The EV brand will open order books one another new model this year – the Porsche Taycan-rivalling Polestar 5 – but first customer deliveries won't be until 2026, so it won't add to its 2025 sales tally. It won't have another new vehicle in its lineup until the Polestar 7 SUV arrives in Australia – currently scheduled for 2028 – which will be followed by the delayed Polestar 6 sports car. "We're quite excited now about the second half, and we expect to see the same overall, better than the Australian market," Mr Maynard said. "If I look at the brands that are growing in Australia right now, and I'm talking across all drive platforms, not just EV, Polestar's growth is second only to Rolls-Royce and Mini," he added. "Now that's the premium competitor set that we analyse, but that set takes in all the brands I think we would generally consider in the premium set. So, it's the growth aspect that we're really thrilled about." MORE: Everything Polestar Content originally sourced from:
Business Wire
10-07-2025
- Automotive
- Business Wire
Polestar retail sales volumes totalled 18,049 cars in Q2, a growth of 38% year-on-year
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) retail sales volumes amounted to an estimated 18,049 cars in Q2 2025, up 38% versus Q2 2024. For the first six months of the year, retail sales volumes approximated 30,319 cars, a growth of 51% compared to the same period last year. Michael Lohscheller, Polestar CEO, says: 'We've delivered another strong quarter of growth, in increasingly challenging market and geopolitical conditions. Volume growth of 38% in the second quarter and 51% in the first half of the year is a clear sign that our retail expansion is delivering and that more customers are choosing Polestar.' Breakdown of retail sales volumes: About Polestar Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific. Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe. Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar's comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion. Forward-Looking Statements Certain statements in this press release ('Press Release') may be considered 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Polestar including the number of vehicle deliveries and gross margin. For example, projections of revenue, volumes, margins, cash flow break-even and other financial or operating metrics and statements regarding expectations of future needs for funding and plans related thereto are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expect', 'intend', 'will', 'estimate', 'anticipate', 'believe', 'predict', 'potential', 'forecast', 'plan', 'seek', 'future', 'propose' or 'continue', or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) Polestar's ability to enter into or maintain agreements or partnerships with its strategic partners, including Volvo Cars and Geely, original equipment manufacturers, vendors and technology providers; (2) Polestar's ability to maintain relationships with its existing suppliers, source new suppliers for its critical components and enter into longer term supply contracts and complete building out its supply chain; (3) Polestar's ability to raise additional funding; (4) Polestar's ability to successfully execute cost-cutting activities and strategic efficiency initiatives; (5) Polestar's estimates of expenses, profitability, gross margin, cash flow, and cash reserves; (6) the identification and remediation of accounting errors and/or a final assessment of errors already identified that differs significantly from Polestar's preliminary view of such errors and the successful filing of restatements of any SEC reports; (7) Polestar's ability to continue to meet stock exchange listing standards; (8) changes in domestic and foreign business, market, financial, political and legal conditions; (9) demand for Polestar's vehicles or car sale volumes, revenue and margin development based on pricing, variant and market mix, cost reduction efficiencies, logistics and growing aftersales; (10) delays in the expected timelines for the development, design, manufacture, launch and financing of Polestar's vehicles and Polestar's reliance on a limited number of vehicle models to generate revenues; (11) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (12) risks related to product recalls, regulatory fines and/or an unexpectedly high volume of warranty claims; (13) Polestar's reliance on its partners to manufacture vehicles at a high volume, some of which have limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to Polestar by its partners in order for Polestar to be able to increase its vehicle production volumes; (14) the ability of Polestar to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (15) risks related to future market adoption of Polestar's offerings; (16) risks related to Polestar's current distribution model and the evolution of its distribution model in the future; (17) the effects of competition and the high barriers to entry in the automotive industry and the pace and depth of electric vehicle adoption generally on Polestar's future business; (18) changes in regulatory requirements (including environmental laws and regulations and regulations related to connected vehicles), governmental incentives, tariffs and fuel and energy prices; (19) Polestar's reliance on the development of vehicle charging networks to provide charging solutions for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (20) Polestar's ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from electric vehicle fires; (21) the outcome of any potential litigation, including litigation involving Polestar and Gores Guggenheim, Inc., government and regulatory proceedings, tax audits, investigations and inquiries; (22) Polestar's ability to continuously and rapidly innovate, develop and market new products; (23) the impact of the ongoing conflict between Ukraine and Russia and in Israel, the Gaza Strip and the Red Sea; and (24) other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in Polestar's Form 20-F, and other documents filed, or to be filed, with the SEC by Polestar. There may be additional risks that Polestar presently does not know or that Polestar currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Polestar assumes no obligation to update these forward-looking statements, even if new information becomes available in the future, except as may be required by law.
