Polestar, the electric performance brand owned by Volvo Car Corp. and the Swedish carmaker’s Chinese parent Zhejiang, Geely Holding Group, expects worldwide sales to reach 80,000 in 2023.
The target represents a 55 percent jump from 2022. Polestar estimates its sales reached 51,500 last year, a surge of 80 percent from a year earlier.
Polestar expects the increase in deliveries to be led by strong demand for the Polestar 2 midsize full-electric sedan and deliveries of the Polestar 3 electric crossover, Geely Group said this week.
Polestar’s first two models are assembled in China: The Polestar 1 hybrid coupe is built at a factory jointly constructed by Volvo and Geely in the southwest city of Chengdu, while the Polestar 2 is assembled at Volvo’s Luqiao plant in the east city of Taizhou.
The Polestar 3 was unveiled in October in Copenhagen. The vehicle, to be assembled at the Chengdu plant and Volvo’s factory in Ridgeville, S.C., will go on sale in the fourth quarter, according to autohome, a Beijing-based auto website.