Polestar sales up 7 percent in the first quarter to 13,126 cars

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Polestar sales up 7 percent in the first quarter to 13,126 cars
Photo: Björn Larsson Rosvall/TT

In Sweden, the increase was even greater, up almost 13 percent to 1,670 cars.

CEO Michael Lohscheller referred to "strong development in several of our key markets, including Australia, Germany, Sweden, South Korea and the UK," Polestar said in a press release.

Nasdaq-listed Polestar is majority owned by China's Zhejiang Geely Holding Group. Volvo Cars - also controlled by Geely - is a co-owner with 18 percent of Polestar shares and acts as a strategic partner in both development and production.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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