Polestar has announced that it plans to enter seven new markets by 2025 as part of its growth strategy and to attract new customers.
In a statement, the electric vehicle brand revealed that it aims to accelerate its geographic expansion to seven new markets next year. France, which is the second largest market for electric cars in the EU after Germany, is one of Polestar’s new bets, along with the Czech Republic, Slovakia, Hungary, Poland, Thailand, and Brazil.
“Expanding our retail operations with new and existing partners will allow us to reach more customers. Through these partnerships and expansion, we will capitalize on our strong brand and growing model lineup.”, said Thomas Ingenlath, CEO of Polestar.
It is worth noting that the Swedish brand has been affected by the cooling demand for electric models globally, due to high interest rates and slow expansion of public charging networks.
However, the company expects an increase in deliveries of the Polestar 3 and 4 models to contribute to revenue growth later this year.
