Significant Increase in Retail Sales
Polestar reported a 76% increase in retail sales for Q1 2025 compared to the same quarter last year.
Strong Revenue Growth
Revenue increased by 84% driven by sales of Polestar 3 and 4 models.
Improved Gross Margin
There was a 15 percentage point swing to a positive gross margin of 7%.
Expansion of Sales Points
Polestar grew their sales points by 33% excluding China, with plans to grow by 75% until 2026.
Successful SUV Launch
Polestar 3 achieved a five-star Euro NCAP rating and Polestar 4 sales increased, winning awards such as Car of the Year in South Korea.
Cost Reductions and Efficiencies
Significant fixed cost reductions led to improvements in net loss and adjusted EBITDA.