Polestar 3

Polestar 3

Electric vehicle maker Polestar reported an 84 percent increase in revenue for 2022 to roughly US$2.5 billion as it exceeded a 50,000-vehicle delivery target.

Its net loss for the year fell to US$466 million from more than US$1 billion in 2021.

Polestar, a Swedish premium and performance car electric car company, is owned by China-based Geely. Geely also owns Volvo.

More » CNBC / The Driven