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Polestar cars reports sales growth of 125% Y/Y in 1H22

A white Polestar 1 hybrid car at display at Polestar Space Oslo..

Trygve Finkelsen/iStock Editorial via Getty Images

  • Polestar (NASDAQ:PSNY) has delivered approximately 21,200 cars in 1H22, more than doubling deliveries from 9,510 cars in the same period in 2021 – an increase of almost 125%.
  • Global order take rose 350% Y/Y

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Comments (11)

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Does anyone know how much cash they have? Seeking Alpha doesn’t have that number here
With all the political maneuvers, it is hard for me to get my hands around who owns what. My understanding is that Geely (basically the CCP) owns 100% of Volvo. Is that not correct? I also hear that currently all the manufacturing is done in China's Geely factory. Is that correct? I am trying to figure out who owns how much of PSNY. Stripping away all the political and financial shell games, how much of PSNY is controlled by China? Can anybody detail this out for me?
sts66 profile picture
@eager1 IIRC Geely owns a huge chunk of Volvo Auto Group (not 100%), but there's a lot more parts to Volvo as a company. Currently most manufacturing is done in China, but the plan is to build EVs in other Volvo plants in the EU and US.
@eager1 I just looked it up. It looks like Geely owns 82% of Volvo and Volvo owns 49% of Polestar
El Contador Inversor profile picture
The price action (or lack thereof) is peculiar. Is this company/stock very much under the radar? Other non-Tesla EV companies seem to have much more following. Any thoughts as to why? My two cents is PSNY should be getting positive traction because of the apparent quality and features of their vehicles. I realize that doesn’t necessarily extend to stock price but it’s a start. Good luck.
sts66 profile picture
@El Contador Inversor Dude, it just IPO'd - not very many people are aware of it yet.
@sts66 I think anybody who follows EV should be aware of it. It's the most relevant EV IPO since LCID.
sts66 profile picture
Polestar 3 will not be doing anything but traveling to car shows in Oct, production doesn't start until H1/23 - you can order in Oct but you'll be waiting a long time before you get one, especially with the enduring chip shortage.
eeeW profile picture
Wall St BS on Bloomberg and CNBC is still frothing over musk and his twitter fallacy eff up ....
eeeW profile picture
Which EV will Polestar include that new 600+ horsepower single motor in? That will be intense!
ImRanger profile picture
About time somebody wrote about this stock and made the public aware.

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