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Polestar Press conference at IAA 2021

Polestar announced its global expansion plans at the IAA Mobility in Munich. The Swedish Elektro Performance brand aims to be present in 30 global markets by the end of 2022. In July, Polestar had already doubled its stores in 2021 from nine to 18. The company aims to establish itself in a further twelve markets by 2022. The high demand in combination with an agile and unique business model, in which digitization is in the foreground, enables the enormous growth. Polestar's expansion plans for 2021 have expanded since it was announced in July to include new markets in the Middle East, including Kuwait and the United Arab Emirates. Luxembourg and Iceland will also join the growing European expansion. The schedules for the launch in the individual markets will be announced accordingly. Additional markets will be confirmed in due course.
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