For the first time, Volvo’s electric car brand Polestar has shown an image of its first SUV model, Polestar 3, without camouflage. There’s also a date for the car’s world debut, including the start of orders this October.
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The electric car brand Polestar has sold 29,000 vehicles worldwide in 2021, reaching its sales target. Compared to the previous year, sales increased by 185 per cent.
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Polestar has given a preview of its Polestar 3 electric SUV planned for next year with a new teaser image. There are also new figures on the growth targets of the Swedish-Chinese electric brand.
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The electric car brand Polestar aims to increase its annual sales to 290,000 vehicles by the end of 2025 with expansion in existing and new markets and the introduction of three new models. By the end of 2023, Polestar should already be present in 30 markets – currently there are 14.
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Polestar is apparently close to completing the proposed SPAC merger with investment firm Gores Guggenheim that was first leaked in July. The official announcement could be made in the course of today, Monday.
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Polestar CEO Thomas Ingenlath revealed new information about the Polestar 3 at the IAA Mobility. The brand wants to offer the electric SUV with one as well as two drives. Ingenlath also gave new details about the interior.
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The Swedish car manufacturer Volvo Cars will convert its Ridgeville plant in the US state of South Carolina into an all-electric car production facility. The company says that here, the fully electric cars “of the new generation will be built” before Europe and China.
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Swedish electric car brand Polestar announces that its first SUV model, called Polestar 3, will be produced locally for customers in the US, at Volvo Cars’ Ridgeville manufacturing centre. Production of the Polestar 3 is expected to begin globally in 2022.
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At the end of February, Polestar presented the Precept, as a preview of future electric models. More details were to be revealed at the Geneva Motor Show in March, but since the car show was cancelled, Polestar has now revealed slightly more about the company’s design direction with the Precept.
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In Luqiao, China Polestar has kicked-off series production of the Polestar 2 BEV. The Volvo subsidiary’s all-electric car is to be launched on the European market first, with deliveries planned to start summer 2020 before coming to the US and China.
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Volvo’s electric car brand Polestar registered a wholly-owned subsidiary in Shanghai on 11 March. Polestar calls its China spin-off Jixing Automobile and has tasked it with the wholesale and retail of vehicles and auto parts.
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Polestar has established a new R&D centre for future electric vehicles in Coventry, England. At the new British location, the Volvo electric brand will initially employ around 60 engineers to support the development of vehicles beyond the Polestar 3.
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Demand for Volvo’s dedicated arm for premium plug-ins, Polestar, is on the up. After receiving thousands pre-orders for its first model, a 600 hp PHEV, Polestar is mulling to increase production. Also, very competitive pricing for the Polestar 2 has been released.
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Shortly after having been established as brand for electric cars, Volvo subsidiary Polestar has kicked off construction works for its production facility in the Chinese city of Chengdu. Opening of the plant is scheduled for mid-2018.
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