“The reduction for 2022 is 100% attributable to the lockdowns in China,” the electric-vehicle maker mentioned in a press release.
COVID-19 lockdowns in China have triggered provide chain disruptions for semiconductors and parts broadly utilized in electrical autos, hurting the power of corporations to supply them.
Polestar mentioned that, together with its companions Volvo Cars and Geely Automobile Holdings, it continues to handle provide chain challenges because it did in 2021 when it delivered about 29,000 autos.
Polestar mentioned it had launched a second shift at its manufacturing facility and plans to get better a few of the manufacturing loss later within the yr.
The firm added it was assured of reaching its supply goal from 2023 onwards.
The Swedish firm mentioned its car gross sales greater than doubled to about 13,600 and orders greater than tripled to about 23,000 within the first 4 months of the yr, in contrast with the identical interval of 2021.
“Any short- to medium-term economic effects have not dented our goal of selling 290,000 cars in 2025 – 10 times more than we sold in 2021,” Polestar Chief Executive Officer Thomas Ingenlath mentioned.
Polestar, which was based by China’s Geely and Volvo Cars, is about to merge with particular objective acquisition firm (SPAC) Gores Guggenheim Inc this yr.
Rental automotive agency Hertz Global Holdings mentioned in April it will purchase as much as 65,000 Polestar electrical autos over 5 years.
Source: www.financialexpress.com”
