Polestar (NASDAQ:PSNY) released its global volumes for Q1/2023 today, delivering around 12,000 vehicles, which represents nearly 26% year-on-year increase.

Due to the typical seasonal impact on deliveries during Q1, Polestar expects that the global volume of their cars in 2023 will rise by approximately 60% compared to the previous year, reaching around 80,000 vehicles. This growth will mainly be driven by the sales of the Polestar 2. Polestar's lease volume rose 3-4% in mid-March, thanks to a competitive 36-month lease offer with the commercial clean tax credit.