Written by Cláudio Afonso | [email protected] | LinkedIn | X
This Friday, the German Federal Motor Transport Authority (KBA) released the car registration data for March, revealing that the Swedish automaker Polestar registered 357 vehicles in the country.
Polestar achieved its highest sales figures since September 2023 and a total of 641 in the first quarter of the year. Despite this improvement, March’s figures still fall short of the manufacturer’s peak performance seen in June and July of last year, when it registered 950 and 1,052 vehicles, respectively.
The newly released Polestar 3 SUV, priced at 85,590€ ($93,620) in Germany, is regarded as a pivotal model for Geely’s brand amidst the global slowdown in electric vehicle sales.
Electric (BEV) car registrations in Germany saw a 4.7 percent decrease in March when compared to the previous year representing 11.9 percent of new registrations.
In March 2024, there were 263,844 registered passenger cars in Germany, marking a 7.0 percent decrease compared to the same period last year. Gasoline cars accounted for the majority of new registrations at 37.8 percent, followed by hybrids at 31.5 percent.
Earlier this year, Volvo Cars announced the plan to discontinue funding its Polestar electric sports car brand. This Friday, the automaker shared that its has decided on the final terms and timetable for the distribution of its stake in Polestar to Volvo Cars’ shareholders.
Written by Cláudio Afonso | [email protected] | LinkedIn | X
