Polestar Polar Star: 27841 cars delivered in the first half of the year, and 60-70,000 are expected to be delivered this year.

CTOnews.com, September 2 (Xinhua)-- Polestar Polar, a high-performance electric car brand founded by Geely and Volvo, reported semi-annual results, with revenue of $1.2 billion in the first half (CTOnews.com Note: currently about 8.724 billion yuan), mainly due to the increase in Polestar 2 sales.

According to the data, Polestar delivered 15765 electric vehicles in the second quarter, up 36% from the same period last year. 27841 vehicles were delivered in the first half of the year, and 60,000 to 70,000 vehicles are expected to be delivered in 2023, with a gross profit of 4%. The net loss per share was $0.14, compared with $0.12 in the same period last year.

Polestar's second-quarter revenue was $685 million (currently about 4.98 billion yuan), up from $589 million last year; net loss rose to $304 million, up from $228 million last year; cost of sales was $686 million, up 30% from a year earlier; and cash and equivalents were $1.06 billion, up from $974 million last year and $884m in the first quarter.