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Breaking down Geely Group’s 5% sales growth by automaker, including Volvo Cars and Polestar

Geely Group

Chinese automotive conglomerate Geely Group has posted its annual sales results for 2022, which accounted for more than 2.3 million vehicles sold and nearly 5% growth overall. Although not all of those sales were all-electric models, EVs accounted for nearly a third of them. Here’s how each of the Group’s EV brands performed in 2022.

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Polestar blasts Toyota’s EV strategy, saying ‘we cannot continue using fossil fuels’

Volvo-Polestar-private

Polestar and Toyota are at two opposite ends of the EV spectrum. The former is building some of the world’s most sustainable electric vehicles, while the latter has been openly opposed to going all-electric. At a recent media briefing, Polestar’s head of sustainability, Fredricka Klaren, took aim at Toyota and its EV strategy (or lack thereof), claiming anything but a fully electric future will fail to address climate change.

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First drive with the high-performance Polestar 2 BST edition 270

Polestar 2 BST

Since it was first announced by Polestar this past June, I’ve been excited for an opportunity to get behind the wheel of its hand-tuned, performance-focused Polestar 2 BST edition 270. As the name of this elevated dual-motor EV eludes, only 270 units were made, and I was fortunate enough to test one out through the woods and beaches of Northern California. Here’s how it went.

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Polestar (PSNY) posts first profitable quarter as it races toward 50K deliveries in 2022

Polestar-PSNY-Q3-2

Polestar (PSNY) recorded its first profit since going public in Q3 as the Swedish EV maker builds momentum heading into the end of 2022. Strategic cost-cutting measures and rising demand pushed Polestar into positive earnings territory as the company eyes 50,000 deliveries by year’s end while solidifying its position in the rapidly evolving global auto industry.

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Polestar 3 officially debuts with 300-mile range for a whopping $84k, will be manufactured in the US

After months of anticipation, Polestar has pulled the entire sheet off its first-ever electric SUV, the Polestar 3. Today we have a multitude of new details surrounding the SUV to share, including estimated range, performance specs, and starting price. The Polestar 3 will also eventually be built in the US, begging the question whether some iteration of it will be able to qualify for federal tax credits.

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Polestar (PSNY) has delivered 30K EVs in 2022 so far, but plans to send another 20K deliveries in Q4 alone

Polestar deliveries

About a month before it releases its full financial report for Q3 2022, Polestar has shared some of its global volumes to date, including deliveries. With production strains brought on by COVID-19 easing up in China where Polestar’s EVs are built, the automaker believes it can significantly bolster customer deliveries in Q4 and still reach its target volume of 50,000 units.

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Polestar (PSNY) announces its O₂ roadster concept will enter production as the Polestar 6

EV automaker Polestar continues to make headway toward becoming a major contender in the market. With a fiscally favorable first half of 2022 and an arsenal of novel EV models in its pipeline, the Polestar has announced its sporty O₂ roadster concept will become its latest production model, donned… wait for it… the Polestar 6.

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Polestar CEO shares pricing for upcoming Polestar 3 and 4 SUVs expected to compete with Porsche

Polestar 3 pricing

Following a completed SPAC merger and fruitful first half of 2022, Polestar continues to ingrain itself in a growing EV market as a genuine contender. Although we won’t see the official debut of the Polestar’s next EV until October, CEO Thomas Ingenlath has shared the starting pricing of the Polestar 3. Additionally, Ingenlath shared insight on the pricing the Swedish automaker is aiming for on the Polestar 4.

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