Polestar, the Geely-owned car brand, has reported a 38% increase in retail sales volumes in the second quarter (Q2) of 2025, with an estimated 18,049 cars sold.
For the first half of the year, Polestar has sold 30,319 cars, marking a 51% increase from the same period of the previous year.
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Polestar CEO Michael Lohscheller said: “We’ve delivered another strong quarter of growth in increasingly challenging market and geopolitical conditions.
“Volume growth of 38% in the second quarter and 51% in the first half of the year is a clear sign that our retail expansion is delivering and that more customers are choosing Polestar.”
This growth follows a strong Q1, where sales were up 76% compared to the same period in the previous year.
In April, amidst a challenging economic environment, Polestar maintained stable sales from the last quarter of 2024, with Q1 2025 sales volumes reaching around 12,304 cars.
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By GlobalDataThe company has made a substantial $200m equity investment last month from PSD Investment, controlled by Eric Li, founder and chairman of Geely Holding Group.
This investment came through the sale of 190 million Class A American Depositary Shares to PSD Investment by Polestar Automotive Holding UK.
The Sweden car brand’s expansion continued with the commencement of sales in France, making it the 28th market for the brand.
Its French customers can order the full model lineup, including the Polestar 2, Polestar 3, and Polestar 4.
Looking ahead, Polestar plans to introduce the Polestar 5 four-door GT this year, followed by the Polestar 6 roadster and the Polestar 7 compact SUV.
The company has also signed a memorandum of understanding with Volvo Cars, another Geely unit, to manufacture the upcoming Polestar 7 in Kosice, Slovakia.
The Polestar 7 is set to launch in 2028 and will be developed using engineering architectures from within the Geely Holding Group. It will benefit from group component sharing, “next-generation battery density”, and in-house developed e-motors.
Polestar has its presence in 27 markets across Asia Pacific, Europe, and North America.
