Polestar to launch three new electric cars by 2024

Swedish automotive manufacturing company, Polestar disclosed that they are on the verge of releasing three new electric cars by 2024. information guide Nigeria

According to the report by autoexpress.co.uk, Polestar CEO Thomas Ingenlath has confirmed the brand will release three new electric cars within the next three years, detailing the names of the cars are yet unseen. The first of the trio will be the Polestar 3 SUV, which will make its debut next year as the Swedish brand’s answer to the Tesla Model X and Audi e-Tron.

According to Ingenlath’s comments on an investor call, the Polestar 3 will be priced to compete with the Porsche Cayenne, which would give it a starting price of around £60,000.

The comment reads: “In 2023, we’ll see the new Polestar 4. It’s the car in the middle of the company’s teaser image above, and Ingenlath highlighted that this new EV will be a ‘sporty coupe-SUV’ positioned below the Polestar 3. It’ll rival the likes of the next-generation Porsche Macan EV”. jamb result

The recent report from autoexpress.co.uk has it that Polestar 5 will be unveiled in 2024, with the first examples set to hit the road in 2025. This low-slung saloon will rival the Tesla Model S and Porsche Taycan, with the production version evolving from the Polestar Precept saloon concept, which previews the car’s styling.

Polestar’s CEO outlined that “We will see one car per year for the next three years, something not seen from other EV start-ups. These cars are designed and ready to go.”

According to the report by autoexpress.co.uk, the CEO further outlined Polestar’s range pricing, highlighting that “the Polestar 1 defines the upper price point for the brand, with the Polestar 2 representing the entry point.” These vehicles range from £139,000 for the 1, to £39,900 for the most affordable Polestar 2 variant.

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“We expect the Polestar 4 coupe-SUV will be based on the same SPA2 underpinnings as the Polestar 3, as the platform has been designed to cater for both sister company Volvo and Polestar’s mid-size and flagship vehicles.” “To give an indication of the vehicle sizes the platform can accommodate, SPA2 will also be used to prop up both the next-generation versions of the Volvo S60 (which is the company’s BMW 3 Series rival) and the Volvo S90 (the firm’s 5 Series competitor).”

Autoexpress.co.uk report has it that financing the new models will be driven by a new deal between Volvo and parent company Geely which will see the firm listed publicly on the Nasdaq stock exchange, with Volvo retaining 50 percent ownership of the newly traded company called Polestar Automotive Holding UK, valued at $20bn (roughly £14.6bn). Under the new business structure, the company will plot an aggressive strategy to increase global sales from around 10,000 cars per year at present, to 290,000 a year by 2025.

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