The Polestar universe expands
About 14 billion years ago (it’s estimated), the universe burst into existence. Ever since, it’s been expanding outwards. And though it’s only been four years as opposed to 14 billion since the creation of the Polestar universe, it’s already experienced growth at a breakneck speed. As we head into a new year, our global presence continues expanding at an accelerating pace.
In 2020, we began full-scale activity in ten global markets. Today, we’re up and running in 19 markets, having added Austria, Denmark, Finland, Australia, New Zealand, Iceland, Luxemburg, Singapore, and Korea as home addresses.
The first half of 2022 will see us establishing ourselves in Hong Kong, Spain, Portugal, and Ireland. Israel, UAE (United Arab Emirates), and Kuwait are planned to be added to the Middle East market footprint.
“We have driven tremendous growth since beginning full-scale activity in 2020, underpinned by organic market expansion, strong interest in our award-winning Polestar models and benefits from retail tailwinds,” says Thomas Ingenlath, Polestar CEO.
He continues: “Longer-term, this expansion will be fuelled by our plan to launch a new car every year for the next three years. These are the foundations of our rapid growth strategy.”
By the end of 2023, we’re expected to be active in 30 global markets. Because much like space, the expansion pace of the Polestar universe isn’t waning.
The End of the Beginning
As of today, June 24th, Polestar is listed on the Nasdaq in New York under the ticker PSNY. This allows us to welcome shareholders, as well as customers, to join our journey towards more sustainable electric performance. This is a confirmation that Polestar has come of age. An end of the beginning. And a beginning of something more.
Polestar joins the Responsible Business Alliance
Cars are complex products. As such, each car can be seen as the culmination of countless hours of precise labour; a successful merging of components, technologies, and expertise that enable the manufacture of such intricate machines. The system that realises this culmination is the supply chain.