Polestar to expand globally this year

Automotive Industry

Source: electrive.com, 2021-07-26

Electric car brand Polestar will enter nine new markets later in 2021, doubling its presence to 18 markets worldwide. By the end of 2021, the number of stationary locations worldwide is also expected to double to around 100.

The company does not specify which countries Polestar intends to expand into in its statement. Instead, the Swedish company went into more detail about their retail approach. Accordingly, the ‘Polestar Spaces’ that have been set up in many places to date – typically in city centres – are to be joined by so-called ‘Polestar Destinations’. The company wants to locate these at larger, easily accessible locations outside the city. While both types of facilities are intended to introduce customers to the vehicles and arrange test drives (configuration and purchase are carried out independently and purely online), the ‘Polestar Destinations’ will in future also handle vehicle handovers to end consumers.

“We are expanding both within markets in which we already have a presence and into new markets extremely rapidly. As a brand that has only been fully operational for just over 12 months, this sort of footprint is unprecedented,” expressed Thomas Ingenlath, CEO of Polestar. “We aim to expand at a similar rate in terms of new markets in 2022 as well.” The new ‘Destinations’ concept fits particularly well with some of the newer markets, he believes.

The brand’s physical presence is expected to grow to the said 100 or so locations worldwide. However, this number also includes some temporary pop-up locations. In addition, Polestar aims to have around 60 more test drive locations up and running worldwide by the end of 2021 and to expand the number of service points from 650 to 780.

In Germany, in addition to the existing Polestar Spaces in Düsseldorf, Cologne, Hamburg, Munich and Frankfurt am Main, a further presence is due to open in Berlin before the end of August, followed by two more locations by the end of 2021, including one in the east of the country. While Berlin will be a Polestar Space, the other two facilities are to become Polestar Destinations. In the USA, expansion started a little later, but will also see 15 Polestar Spaces built by the end of the year, starting with Austin, Boston and Denver.

Meanwhile, as reported, the German service network has been expanded to 125 partners after an initial addition of 61 service points in the spring of 2021. At the service points, maintenance or repair work and, if necessary, software updates are carried out.

Polestar is owned by Volvo Car AB and the Zhejiang Geely Holding Group, which is also the 100% owner of Volvo Car. The company is based in Gothenburg, but all vehicles are built in China. With the Polestar 2 sedan, the manufacturer has developed a much acclaimed electric car. 


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