Polestar, the Swedish electric performance car brand, has reported a significant increase in its Q4 2024 retail sales, up 5.3% compared to the same quarter last year. This positive trend is accompanied by a remarkable surge in order intake, which grew by 37.2% year-over-year. These encouraging figures suggest that Polestar is on track to maintain its momentum in the competitive electric vehicle (EV) market.



The company's success can be attributed to several strategic changes and factors:

1. Diversifying Model Lineup: Polestar has expanded its product offerings with the introduction of new models like the Polestar 3 and Polestar 4. These models accounted for 56% of the order intake in Q4 2024, indicating strong customer demand for these vehicles.
2. Growing Customer Demand: The increasing demand for electric vehicles (EVs) in the premium segment has contributed to the surge in order intake. This trend is reflected in the 37.2% year-over-year increase in order intake for Q4 2024 and the 37.9% increase for the full year 2024.
3. Strategic Changes in Commercial Operations: Polestar's CEO, Michael Lohscheller, attributed the positive impact on sales and order intake to the changes being made to the company's commercial operations. These strategic adjustments helped drive the 5.3% increase in retail sales and the significant increase in order intake.
4. Alignment with Sector Convention: Polestar amended its definition of global volumes to better align with sector convention, focusing on retail sales representing sales to end customers. This change provided a clearer picture of the company's performance and may have contributed to the increase in sales and order intake.



While Polestar's full-year 2024 sales decreased by 15% compared to 2023, the Q4 2024 sales increase and order intake surge suggest that the company is well-positioned to capitalize on the growing demand for EVs in the premium segment. As Polestar continues to expand its market presence and introduce new models, investors should keep a close eye on the company's progress in the coming year.

In conclusion, Polestar's Q4 2024 retail sales surge and order intake growth are encouraging signs that the company is on the right track to maintain its competitiveness in the EV market. By diversifying its model lineup, capitalizing on growing customer demand, and implementing strategic changes in commercial operations, Polestar is poised to build on its momentum in 2025 and beyond.