Swedish EV manufacturer Polestar has officially listed on NASDAQ as of late last week. Trading under ‘PSNY’, Polestar celebrates yet another major milestone this year. Founded in 2017 as the electric arm of Volvo, rapid access to OEM parts and technology has led to 55,000 sales already for the brand!
And the growth doesn’t stop there for Polestar who aim to sell 290,000 cars a year by 2025. The capital raised from this listing will go some way towards helping that cause. 2022 has been a good year so far for Polestar whose sales have increased by 290% year on year thanks to the success of the ‘2’. Now in 25 markets across the globe, the Swedish brand has plans to bring their first SUV (Polestar 3) to market soon as well as a performance sedan (Polestar 5).
Polestar will ring NASDAQ’s opening bell on the 28th of June, an event which can be viewed here.
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Words by Matthew D’Souza, pictures courtesy of Polestar Media.