Polestar to Boost Sales by 38% Reaching 18,049 Electric Vehicles in Q2 2025
In the ever-evolving electric vehicle (EV) market, Polestar, the Swedish-Chinese EV manufacturer, has shown impressive growth in the first half of 2025. The company sold 30,319 vehicles in the first six months, marking a 51% increase compared to the same period last year [1][2][3].
The second quarter of 2025 saw Polestar sell 18,049 cars, representing a 38% increase compared to the second quarter of 2024 [1]. This growth was primarily driven by the success of the Polestar 3 and Polestar 4 SUV models, which have outperformed the older Polestar 2, especially in key markets like Germany [1].
Polestar's expansion into new markets and sales through the Volvo dealer network since February 2025 have also contributed to the sales boost [1]. The company is planning to further diversify its production, with the aim of mitigating the effects of U.S. tariffs and supporting localized manufacturing outside China. To achieve this, Polestar announced plans to shift more production, including for the upcoming Polestar 7 SUV, to a Volvo factory in Slovakia [3].
In terms of future models, Polestar is preparing to expand its lineup further. The Polestar 5 four-door grand tourer (GT) is expected to launch in the second half of 2025, bringing the total model lineup to six by year-end [2].
Li Shufu, the founder of Geely, controls a total of 66% of Polestar's shares, with PSD Investment, a company of Li Shufu, holding 44% after a recent capital increase of 200 million US dollars [1][3]. This funding will support Polestar's continued development and its strategic response to the geopolitical and trade challenges it faces.
Michael Lohscheller, CEO of Polestar, stated that the company achieved a strong growth quarter despite challenging market conditions and a demanding geopolitical environment [1]. Lohscheller's comment indicated that Polestar's retail expansion is paying off and more customers are choosing the brand. The increase in sales and registrations for Polestar suggests growing customer interest in the brand's electric vehicles.
| Aspect | Details | |-----------------------|--------------------------------------------------------| | Q2 2025 Sales | 18,049 units (+38% YoY) | | H1 2025 Sales | 30,319 units (+51% YoY) | | Key Selling Models | Polestar 3, Polestar 4 (SUVs driving growth) | | Future Models | Polestar 5 (launch in H2 2025), Polestar 7 SUV (planned) | | Production Plans | Expansion of production to Volvo's Slovakia factory | | Market Expansion | New markets like France, Volvo dealer network sales |
Polestar's growth and production adjustments demonstrate a strategic approach to both market expansion and regulatory challenges, positioning the brand for continued development in the competitive EV landscape [1][2][3].
References: [1] Polestar reports strong Q2 sales growth, plans to expand production to Slovakia. (2025, July 1). Retrieved from https://www.autonews.com/electric-vehicles/polestar-reports-strong-q2-sales-growth-plans-expand-production-slovakia
[2] Polestar 5 grand tourer set for H2 2025 launch. (2025, May 15). Retrieved from https://www.autocar.co.uk/car-news/new-cars/polestar-5-grand-tourer-set-h2-2025-launch
[3] Polestar raises $200 million in new funding round. (2025, June 15). Retrieved from https://www.reuters.com/business/autos-transportation/polestar-raises-200-million-new-funding-round-2025-06-15/
Technology and finance played significant roles in Polestar's impressive growth in the first half of 2025. The success of their innovative electric vehicle models, such as the Polestar 3 and Polestar 4, was largely driven by advancements in technology, which attracted new customers and expanded the brand's business in key markets like Germany. Additionally, a recent capital increase of 200 million US dollars from PSD Investment has been used to support Polestar's continued development and strategic responses to geopolitical challenges.
