Polestar has made vital progress in growing an all-electric mannequin line-up, a worldwide gross sales and repair community and a diversified manufacturing footprint. Polestar introduced a strengthened marketing strategy in November 2023 that set a transparent path to profitability. With enterprise actions to handle prices, drive larger margins and cashflow, Polestar decreased its anticipated exterior funding must roughly $1.3 billion till focused money movement break-even in 2025 and is effectively superior on securing the extra exterior funding required.
Thomas Ingenlath, Polestar CEO, says: “With our rising line-up of unique, efficiency vehicles, Polestar is in one of the vital promising phases of its improvement. We have now efficiently ramped up manufacturing and began gross sales in China, Europe and Australia of Polestar 4 and Polestar 3 is anticipated to begin first buyer deliveries this summer time. We look ahead to continued cooperation with Volvo Automobiles in addition to benefiting from even better synergies with Geely on future oriented applied sciences.”
Volvo Automobiles is streamlining and standardizing its mannequin names for totally electrical vehicles, in step with our ongoing transformation in the direction of changing into a completely electrical automobile maker by 2030. The totally electrical XC40 Recharge and C40 Recharge fashions are renamed to Volvo EX40 and Volvo EC40 respectively, now seamlessly becoming in with our different totally electrical fashions: the EX30, EX90, and EM90. The XC40 title stays for inner…
20 February 2024
Polestar 4 is now formally on sale in Europe and Australia. Following the beginning of manufacturing and first deliveries in China on the finish of 2023, on-line gross sales begin with a beginning indicative value of EUR 63,200 and AUD 81,500. Manufacturing is deliberate to begin in the direction of the center of 2024, with the primary deliveries anticipated from August. Polestar 4 transforms the aerodynamics of a coupé and the area of an SUV right into a…
7 February 2024
Polestar confirmed the profitable begin of manufacturing of Polestar 4, with first deliveries to clients in China anticipated earlier than the tip of 2023. Official launch in all different Polestar markets is deliberate for early 2024, with buyer deliveries in these markets anticipated throughout the identical yr. The primary manufacturing automobile to roll off the meeting line is completed in Snow with the signature Swedish gold particulars of the…
17 November 2023
Polestar confirmed the subsequent step in diversifying its manufacturing footprint. Manufacturing of Polestar 4 in Hangzhou Bay, China, might be complemented with manufacturing in Busan, South Korea, anticipated to begin through the second half of 2025. An settlement has been reached between Polestar, Geely Holding and Renault Korea Motors (RKM), that can convey contract manufacturing of Polestar 4 automobiles for the North…
13 November 2023
Polestar 2 receives an improved vary, effectivity, and efficiency whereas lowering its carbon footprint as a part of vital updates for the 2024 mannequin yr. The mannequin’s value begins from $93,990 with availability to order from tomorrow – November 9. Polestar 2 can now journey as much as 22% additional, devour as much as 9% much less vitality, and cost as much as 34% quicker, because of {hardware} upgrades, together with bigger batteries and new…
8 November 2023
Polestar and South Korean battery producer SK On have signed an settlement on the provision of battery cell modules for the forthcoming Polestar 5 electrical 4-door GT. Polestar selected SK On on account of its superior battery cell know-how that provides high-performing chemistry, quick charging, environment friendly discharging, and superior driving vary. The high-nickel battery cell modules comprise ultra-long 56 cm cells with excessive…
6 November 2023
Volvo gave its followers a glimpse of its first-ever totally electrical premium MPV – the Volvo EM90. Introduced as a “Scandinavian lounge on the transfer,” it’s about saving you time and lowering stress. About pleasure and peace of thoughts. Beneficiant cabin width and legroom inside a premium inside are solely the start. All kinds of premium supplies, luxurious lounge seats with so-called zero-gravity cushions, a big…
1 November 2023
Volvo Automobile USA introduced immediately the pricing for its first small premium totally electrical SUV, the Volvo EX30. Unveiled to the world this previous June in Milan, Italy, the EX30 expands the Volvo Automobiles lineup of totally electrical automobiles to 4 fashions. With a beautiful beginning value of simply $34,950, Volvo clients can get a premium totally electrical SUV for the same value to an inner combustion engine-powered equal…
3 October 2023
The event of Polestar 3 continues at tempo and is nearing completion, after two weeks of maximum scorching climate testing within the United Arab Emirates. With manufacturing deliberate to begin within the first quarter of 2024, Polestar will quickly have three fashions on the highway, together with the 2 new SUVs, Polestar 3 and Polestar 4. Following its international dynamic debut on the 2023 Goodwood Competition of Pace in England, Polestar 3…
27 September 2023
Polestar has introduced the profitable design from the most recent Polestar Design Contest to life as a 1:1 scale mannequin, introduced in Munich throughout IAA 2023. On the identical time, Polestar is kicking off a partnership with Mattel’s Sizzling Wheels model, beginning with Sizzling Wheels offering the inspiration for the subsequent Polestar Design Contest that references the revolutionary and outrageous designs from the American model’s 55-year historical past…
5 September 2023
Volvo Automobile USA and Canada studies regional gross sales of 11,768 vehicles in August, up 31.6 per cent in comparison with the identical month final yr. To date this yr the Volvo Automobile USA and Canada area offered 89,014 vehicles, a rise of twenty-two.9 % in comparison with the identical interval final yr. The corporate’s line of Recharge fashions, these with a completely electrical or plug-in hybrid powertrain, represented 25.3 % of all US and Canadian gross sales…
4 September 2023
Volvo EX30 has made its North American debut in New York Metropolis. Obtainable now to order in america the 2025 Volvo EX30 begins at $34,950 (MSRP), enabling clients to get into a completely electrical premium SUV for about the identical value as an inner combustion engine-powered equal. The mannequin is accessible in two trim ranges: Volvo EX30 Single Motor Prolonged Vary – specs Volvo EX30 Twin Motor…
25 July 2023
Polestar has signed an settlement with Tesla to undertake the brand new North American Charging Normal (NACS) which can allow entry to Tesla’s expansive Supercharger community for all Polestar drivers in america and Canada. From 2025, new Polestar automobiles offered in North America might be outfitted with the NACS charging port by default. Adapters to assist enable current Polestar drivers to entry the community in a…
29 June 2023
Polestar might be returning to the annual Goodwood Competition of Pace on 13-16 July, debuting new merchandise together with Polestar 3, the restricted manufacturing Polestar 2 BST version 230, and the upgraded mannequin yr 2024 Polestar 2 which introduces extra vary, better effectivity, rear-wheel drive, quicker charging, and design enhancements. The newest Polestar 5 prototype might be current as effectively, showcasing the event…
22 June 2023
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2024 Porsche Macan 4
Doorways: 4, Seats: 5Length: 188.3 in / 4784 mmWidth: 76.3 in / 1938 mmHeight: 63.9 in / 1622 mmCurb weight: 5302.12 lb / 2405 kgLocation: RearLocation: FrontBattery: 100 kWh, Voltage: 800 V
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2024 Porsche Macan Turbo
Doorways: 4, Seats: 5Length: 188.3 in / 4784 mmWidth: 76.3 in / 1938 mmHeight: 63.8 in / 1621 mmCurb weight: 5302.12 lb / 2405 kgLocation: RearLocation: FrontBattery: 100 kWh, Voltage: 800 V
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2024 Xiaomi SU7 RWD
Doorways: 4, Seats: 5Length: 196.7 in / 4997 mmWidth: 77.3 in / 1963 mmHeight: 57.3 in / 1455 mmCurb weight: 4365.15 lb / 1980 kgElectric motor: 220 kW, 400 Nm, Location: RearBattery: 73.6 kWh
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2024 Xiaomi SU7 AWD
Doorways: 4, Seats: 5Length: 196.7 in / 4997 mmWidth: 77.3 in / 1963 mmHeight: 56.7 in / 1440 mmCurb weight: 4861.19 lb / 2205 kgElectric motor #1: 275 kW, 500 Nm, Location: RearElectric motor #2: 220 kW, 400 Nm, Location: FrontBattery: 101 kWh, Voltage: 871 V
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2024 Volkswagen ID.7 Professional
Doorways: 4, Seats: 5Length: 195.3 in / 4961 mmHeight: 60.5 in / 1536 mmCurb weight: 4788.44 lb / 2172 kgElectric motor: 210 kW, 550 Nm, Location: RearBattery: 77 kWh
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2025 Cadillac Escalade IQ Luxurious 2
Doorways: 5, Seats: 7Length: 224.3 in / 5697 mmHeight: 76.1 in / 1934 mmElectric motor: 505 kW, 1064 Nm, Location: RearLocation: FrontBattery: 200 kWh, Voltage: 800 V
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2025 Cadillac Escalade IQ Sport 2
Doorways: 5, Seats: 7Length: 224.3 in / 5697 mmHeight: 76.1 in / 1934 mmElectric motor: 505 kW, 1064 Nm, Location: RearLocation: FrontBattery: 200 kWh, Voltage: 800 V
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2025 Cadillac Escalade IQ Luxurious 1
Doorways: 5, Seats: 7Length: 224.3 in / 5697 mmHeight: 76.1 in / 1934 mmElectric motor: 505 kW, 1064 Nm, Location: RearLocation: FrontBattery: 200 kWh, Voltage: 800 V
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2025 Cadillac Escalade IQ Sport 1
Doorways: 5, Seats: 7Length: 224.3 in / 5697 mmHeight: 76.1 in / 1934 mmElectric motor: 505 kW, 1064 Nm, Location: RearLocation: FrontBattery: 200 kWh, Voltage: 800 V
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2023 BMW i7 xDrive60
Doorways: 4, Seats: 5Length: 212.2 in / 5391 mmWidth: 76.8 in / 1950 mmHeight: 60.8 in / 1544 mmCurb weight: 5820.2 lb / 2640 kgElectric motor #1: 190 kW, 365 Nm, Location: RearElectric motor #2: 230 kW, 380 Nm, Location: FrontBattery: 105.7 kWh, Voltage: 376.4 V
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2024 BMW iX M60
Doorways: 5, Seats: 5Length: 195.0 in / 4953 mmWidth: 77.4 in / 1967 mmHeight: 66.8 in / 1696 mmCurb weight: 5862.09 lb / 2659 kgLocation: RearLocation: FrontBattery: 111.5 kWh, Voltage: 330.3 V
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2024 BMW iX xDrive50
Doorways: 5, Seats: 5Length: 195.0 in / 4953 mmWidth: 77.4 in / 1967 mmHeight: 66.8 in / 1696 mmCurb weight: 5698.95 lb / 2585 kgLocation: RearLocation: FrontBattery: 111.5 kWh, Voltage: 330.3 V
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2024 BMW i4 xDrive40
Doorways: 4, Seats: 5Length: 188.3 in / 4783 mmWidth: 72.9 in / 1852 mmHeight: 57.0 in / 1448 mmCurb weight: 5048.59 lb / 2290 kgLocation: RearLocation: FrontBattery: 83.9 kWh, Voltage: 398.5 V
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2023 BMW i4 M50
Doorways: 4, Seats: 5Length: 188.3 in / 4783 mmWidth: 72.9 in / 1852 mmHeight: 57.0 in / 1448 mmCurb weight: 5048.59 lb / 2290 kgElectric motor #1: 230 kW @ 8000 – 17000 rpm, 365 Nm, Location: RearElectric motor #2: 190 kW @ 8000 – 17000 rpm, 430 Nm, Location: FrontBattery: 83.9 kWh, Voltage: 398.5 V
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2023 BMW iX M60
Doorways: 5, Seats: 5Length: 195.0 in / 4953 mmWidth: 77.4 in / 1967 mmHeight: 66.8 in / 1696 mmCurb weight: 5862.09 lb / 2659 kgLocation: RearLocation: FrontBattery: 111.5 kWh, Voltage: 330.3 V
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2023 BMW iX xDrive50
Doorways: 5, Seats: 5Length: 195.0 in / 4953 mmWidth: 77.4 in / 1967 mmHeight: 66.8 in / 1696 mmCurb weight: 5698.95 lb / 2585 kgLocation: RearLocation: FrontBattery: 111.5 kWh, Voltage: 330.3 V
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2024 Volvo EX90 Twin Efficiency (E2)
Doorways: 5, Seats: 7Length: 198.3 in / 5037 mmWidth: 77.3 in / 1964 mmHeight: 68.7 in / 1744 mmCurb weight: 6197.19 lb / 2811 kgElectric motor #1: 190 kW, 490 Nm, Location: RearElectric motor #2: 180 kW, 420 Nm, Location: FrontBattery: 111 kWh, Voltage: 400 V