That's about 50 percent more than a year ago, although less than in Q2 or in the record fourth quarter of 2022 . Polestar explains that sales of the higher-priced, upgraded Polestar 2 contributed to a strong margin improvement and that the company prioritizes value over volume.
In the fourth quarter, Polestar will start deliveries of the Polestar 4 model in China. In early 2024, production of the Polestar 3 is expected to start at Volvo Cars' plant in South Carolina. Thomas Ingenlath, Polestar CEO, said: “We have delivered a strong quarter and expect higher margins for the rest of the year, as we continue to prioritize value over volume in our business.
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