Polestar to debut first electric performance SUV, Polestar 3, in October 2022

Polestar, the Swedish electric performance car company, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October 2022. Polestar 3 is the company’s first SUV

Polestar, the Swedish electric performance car company, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will take place in October 2022. Polestar 3 is the company’s first SUV.

Polestar 3

The launch of the car marks Polestar’s entry into one of the highest margin and growth segments in the automotive industry, particularly in the United States.

Polestar 3 will over time offer autonomous driving on the highway, powered by Luminar’s best-in-class LiDAR sensor and centralized NVIDIA computing power. At launch, the Polestar 3 will feature a dual-motor powertrain with a large battery, with a range of over 600 km / 372 miles (WLTP).

The confirmation of the world premiere comes with a new film and a first undisguised image of the car. Customers can expect Polestar 3 from the day of the premiere in the first launch markets. Production is expected to begin in early 2023 and Polestar 3 will be manufactured in the United States and China.

“Polestar 3 is the SUV for the electric age. Our design identity is evolving with this high-end large luxury EV, with a strong, individual brand character,” said Thomas Ingenlath, CEO of Polestar. “With this car, we’re bringing ‘sport’ back to the SUV, while staying true to our performance roots.”

Thomas Ingenlath added: “This is an important milestone for our company, one that will boost our growth trajectory and take us to our next phase.”

Polestar plans to launch a new car every year for the next three years, starting with Polestar 3, and aims to expand its presence to at least 30 global markets by the end of 2023. This supports Polestar’s plans to increase global sales tenfold from approximately 29,000 in 2021 to approximately 290,000 by the end of 2025.

Polestar plans to list on the Nasdaq in a proposed business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW and GGPIU), which is expected to be completed in the first half of 2022.

SOURCE: North Star

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