Polyester reported record sales for the first four months of 2022 but expects to deliver fewer vehicles this year than actually expected.
The Swedish electric car maker sold 13,600 cars in the first four months of the year and received about 23,000 orders, more than tripling in the same period in 2021.
Polyester originally planned to deliver 65,000 vehicles to customers this year. However, supply chain constraints mean that while it has lowered the forecast to 50,000 units, the change is “100% responsible for the lockdown in China.”
Read more: Polyester manages to reduce greenhouse emissions by 6 percent per car in 2021
In a statement, the company said it was accelerating the introduction of a second production transfer to Polyester 2’s factory to recover some production losses by the end of the year.
“We made the promise of growth and we’re living up to that promise,” said Chief Executive Thomas Ingenlath. “The key to increasing sales of electric vehicles remains the same, and the momentum is stronger than the uncertainty we see at the moment. Any short-term to medium-term economic impact has not diminished our goal of selling 290,000 cars by 2025 – 10 times more than we sold in 2021. “
Polyester currently operates in 23 markets and aims to reach 30 markets by the end of 2023 New markets entering it include Spain, Portugal, Israel and Italy.
The upcoming Polestar 3 SUV is also set to form an important part of the company’s expansion plans.
“We believe that our future growth will be further accelerated by our entry into the lucrative SUV market later this year and the long awaited Polestar 3 electric performance SUV will have its world premiere in October,” Ingenlath added. “The Polestar 3, which will be made in the United States and China, will stand out among other SUV offers and accelerate our strong growth trajectory to take us to the next level.”