Polestar sees 14% delivery decline in Q3 despite addition of more models

Polestar’s Q3 2024 outcomes have revealed that the automaker noticed a 14% drop in car deliveries within the third quarter. This was regardless of Polestar providing new fashions in its lineup for customers. 

As famous by Polestar in a press release, it was capable of hand over 11,900 automobiles to customers within the third quarter of 2024. Compared, it was capable of full 13,900 handovers in Q3 2023. Amidst these outcomes, new Polestar CEO Michael Lohscheller famous that the corporate is conducting a strategic overview of its operations. 

“Polestar has an amazing basis to construct upon, with entry to the most effective EV know-how, a worldwide manufacturing functionality, and robust assist from Geely. Along with the administration crew, we’re conducting a overview of our technique and operations, to set out a transparent path for Polestar’s growth.”

“A key to our future success would be the growth of our business capabilities: going from displaying to actively promoting vehicles. Adopting a extra energetic gross sales mannequin is already supporting our ambitions, as the primary markets to implement it are displaying stable order consumption,” he mentioned. 

An replace on this technique is predicted to be launched on January 16, 2025, along with the corporate’s Q3 monetary and operational highlights. Polestar administration may also be hosting its earnings call on the day.

As famous in a report from electrive, a superb portion of of Polestar’s gross sales in the present day is sill comprised of the Polestar 2, a car that was as soon as positioned as a Tesla Mannequin 3 rival. Geely can also be constructing the Polestar 4 and the Polestar 3 is in sequence manufacturing. Contemplating the corporate’s extra strong choices, it could be attention-grabbing to see how Polestar’s gross sales maintain up within the coming quarters. 

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Polestar sees 14% supply decline in Q3 regardless of addition of extra fashions