Polestar was established as a new, standalone Swedish premium electric vehicle manufacturer in 2017. Founded by Volvo Geely. Polestar plans to launch a new car every year for the next three years, starting with Polestar 3 and aims to increase its presence to at least 30 global markets by the end of 2023. This supports Polestar’s plans to grow tenfold from global sales of approximately 29,000 in 2021 to approximately 290,000 by the end of 2025.
