Currently reading: Polestar increases revenue by 95% in first half of 2022

Electric car firm brought in $1.38 billion (£1.17bn) compared with $534.8 million a year ago

Polestar increased its revenue by 95% in the first six months of 2022 despite the ongoing pandemic struggles and enforced lockdowns in China. 

The Swedish electric car firm, owned by Chinese automotive giant Geely, brought in $1.38 billion (£1.17bn) worldwide from 1 January to 30 June, compared with $534.8 million (£454.3m) for the same period in 2021. 

The huge increase in revenue was mainly down to a rapid rise in vehicle sales.

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