Polestar reports highest ever first quarter retail sales of 13,126 in Q1 2026

• Retail sales in Q1 2026 totalled 13,126 cars, a growth of 7% versus Q1 2025
• Network expansion continuing, with 230 retail sales points at the end of Q1 2026, a growth of 50% vs Q1 2025

GOTHENBURG, SWEDEN – 9 April 2026. Polestar (Nasdaq: PSNY) retail sales amounted to an estimated 13,126 cars in Q1 2026, a growth of 7% compared to Q1 2025. 230 retail sales points are currently in operation, compared to 154 at the end of Q1 2025, representing a growth of 50%.

Michael Lohscheller, Polestar CEO, says: “Following a record 2025, we’ve delivered our highest ever first quarter retail sales figure of 13,126 cars. Growth compared to the first quarter last year totalled 7%, with a strong performance in key markets such as Australia, Germany, Sweden, South Korea and the UK, testament to the hard work of our teams and our established brand position.

“Our performance in the first quarter has shown resilience, with market conditions becoming more challenging, amid ongoing geopolitical developments.”

Matt Galvin, Polestar UK Managing Director says: "Polestar UK has seen a record Q1 and remains the fastest growing premium brand. Sales were up 12% YoY despite global headwinds and we have seen a significant uplift in interest owing to 'pump anxiety' replacing the outdated term of 'charging anxiety'.

 "Our pre-owned sales have grown significantly; 99% YoY giving even more people the chance to switch to electric. As we continue our retail expansion in 2026, we look forward to new performance models launching imminently including the new Polestar 3 SUV and Polestar 5 Grand Tourer."

Breakdown of retail sales volumes:

Polestar continues to expand its sales network, with plans to reach approximately 250 sales points by the end of this year, representing a growth of 20% compared to the end of 2025.

Ends.