Polestar reported its highest ever first quarter retail sales of 13,126 cars in Q1 2026, representing 7% growth year-over-year, while expanding its retail sales points by 50% to 230.
Key takeaways
Retail sales grew 7% to 13,126 cars in Q1 2026 compared to Q1 2025, marking the company's highest ever first quarter performance.
The retail sales network expanded by 50% to 230 points at the end of Q1 2026 compared to 154 points a year earlier.
Management cited strong performance in key markets including Australia, Germany, Sweden, South Korea, and the UK.
The company plans to expand its sales network to approximately 250 points by year-end 2026, representing 20% growth from the end of 2025.
CEO Michael Lohscheller noted resilience in challenging market conditions amid ongoing geopolitical developments.