Polestar Automotive (NASDAQ: PSNY) has announced that its retail vehicle sales for the full year 2025 reached approximately 60,119 units, marking a 34% increase compared to 44,851 vehicles sold in 2024. This performance represents the company's best annual sales achievement to date, highlighting a strong upward trajectory despite ongoing market headwinds.
During the fourth quarter alone, Polestar estimated retail sales of 15,608 vehicles, which reflects a 27% rise compared to the same quarter in 2024. This significant quarterly growth underscores the sustained momentum that the brand has maintained throughout the year.
Michael Lohscheller, Chief Executive Officer of Polestar, characterized the year as the firm's best for retail sales volumes, acknowledging the persistent external challenges and demanding market environment. He emphasized that the company’s ability to increase market share and outperform several established automotive brands, particularly within key European territories, can be attributed to the strategic expansion of Polestar’s sales network, which saw an increase exceeding 50% over the year. Additionally, the attractive offerings within their model lineup and diligent efforts by their team have been central to this success.
Looking at operational results for the first nine months of 2025, Polestar reported retail sales approximating 44,482 vehicles. This figure represents a 36.5% year-over-year rise relative to the 32,595 units recorded during the comparable period of the previous year. Robust demand in European markets and a compelling range of vehicle models chiefly drove these gains.
Financially, revenue for this period increased by 48.8% year-over-year, reaching $2.17 billion. The rise was supported by increased sales volumes, particularly from premium vehicles such as the Polestar 3 and Polestar 4 models, as well as $123 million in revenue from carbon credit sales. However, these gains were partially offset by downward pressure on market pricing and associated residual value costs within North America.
Further strengthening its capital position, Polestar revealed in December a $300 million equity investment from Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and NATIXIS, with each institution contributing $150 million. This funding arrangement includes a put option agreement with a subsidiary fully owned by Geely Sweden Holdings AB, affording the investors the option to exit their stake after three years with pre-agreed returns under the terms of the equity financing.
As of the last trading check on Friday during premarket hours, shares of Polestar Automotive were trading down 0.45% at $22.10, reflecting a modest decline despite the strong sales and funding developments.