Polestar (Nasdaq: PSNY) has posted estimated global retail sales of 12,304 cars in Q1 2025, a 76% increase year-on-year and stable versus Q4 2024, despite a challenging economic backdrop.

Michael Lohscheller, chief executive officer at Polestar, said: “We are on the right track and doing the right things. I’m pleased with the progress we are making in transforming our commercial operations. With a more active selling model, more retail partners and attractive cars, we are delivering results. At the same time, we are monitoring closely and assessing the volatile geopolitical environment and will adapt as needed.”

In the UK, Polestar reported its strongest quarterly performance to date, delivering 3,695 vehicles in Q1 2025. According to figures published by the Society of Motor Manufacturers and Traders (SMMT), this represents 185% year-on-year growth and outperforms the broader UK EV market by 161%. Polestar is now the fastest-growing European brand in the UK.

Matt Galvin, managing director at Polestar UK, commented: “Polestar is gaining serious momentum in the UK and is now a common sight on British roads. The success is driven by our award-winning line-up of performance EVs together with our dedicated retailer partners and team at HQ who work very hard together to produce these excellent results.”

With three performance electric models – the Polestar 2, 3, and 4 – now available, the company is accelerating its retail footprint. The number of UK Polestar Spaces is set to grow from nine today to 17 within the next 18 months.

Five years since entering the UK market, there are now 37,000 Polestar vehicles on British roads. The company expects to publish its full-year 2024 results and file its annual report on Form 20-F by the end of April 2025.