Geely-owned Polestar lists efficiently on Nasdaq – EAST AUTO NEWS

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Geely-owned Polestar lists efficiently on Nasdaq

Polestar has efficiently listed on the Nasdaq inventory trade. The US itemizing marks a big milestone for the electric-premium automotive model that launched in 2017.

“It is a vastly proud second for the whole workforce at Polestar,” says Thomas Ingenlath, CEO of Polestar. “We’ll now open a brand new chapter in our story that may be summarised in a single phrase – development. By 2025 we goal to be promoting 290,000 automobiles per 12 months, 10 occasions as many as we bought in 2021. We have already got an actual and profitable enterprise; this itemizing offers us the funds and platform to assist ship our formidable future plans and drive industry-leading sustainability targets ahead.”

The Nasdaq buying and selling debut follows a powerful begin to 2022. Polestar not too long ago introduced report gross sales for the 12 months so far, and strong international buyer orders for Polestar 2, its all electrical fastback, of over 32,000, a rise of 290% versus the identical interval in 2021.  Polestar additionally elevated its presence to 25 markets, up from 19 on the finish of 2021, supported with practically 130 retail areas.

Thomas Ingenlath continues: “We’re including three new premium electrical automobiles to our line-up by 2024, beginning with the launch of our first SUV, Polestar 3, later this 12 months. This engaging product portfolio would be the base for Polestars development in essentially the most engaging, high-margin, international EV segments.”

Polestar will ring the opening bell at Nasdaq in New York Metropolis on 28 June to have a good time its debut as a publicly traded firm. A dwell stream of the occasion might be seen on-line at https://livestream.com/accounts/27896496/occasions/10423292.

Geely-owned Polestar lists efficiently on Nasdaq – EAST AUTO NEWS


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