Polestar’s quarterly EV sales jump as offers attract more buyers

(Reuters) -Polestar reported an increase in the second quarter sales on Thursday, because proposals and discounts helped increase sales in Europe’s own market in the midst of a challenging macroeconomic environment.

Swedish -based company, the second quarter of the estimated 18,049 vehicles, he said.

The demand for Polestar’s electric vehicles remained flexible despite the high interest rates, the cost of living and the existence of more affordable hybrid or gas -powered options.

“We have presented another strong growth quarter in more challenging market and geopolitical conditions, Michael Lohscheller, CEO of Polestar. He said.

After taking over as the lohscheller CEO, the company made strategic changes, including further focusing on Europe’s own domestic market. Import Tariffs It threatens to increase production costs and disrupt global supply chains.

While Polestar tried to conquer both the US and Chinese markets, his cars were much better in Europe, which constitutes his share of the lion’s sales.

Last week, Polestar said he would make Polestar 7 SUV model at a Volvo Cars factory in Slovakia to minimize exposure to tariffs.

The tariffs affected Polestar more than most European car manufacturers, because the majority of their cars are in China – Volvo Cars or Geely faced high automotive tasks.

(Reporting by Zaheer Kachwala in Bengaluru;