Polestar announces strategy for sales volume growth of 30% to 35% for 2025 to 2027 On January 16, Polestar announced its strategy to enhance its operational, financial, and commercial performance, targeting a compound annual sales growth of 30-35% from 2025 to 2027 and a positive adjusted EBITDA by 2025, with further improvements in margins and free cash flow by 2027. Polestar plans to launch the Polestar 5 during the second semester of 2025. The...

News  Updated at: 2025/01/17

Polestar fully compliant with Nasdaq listing rules On September 17, Polestar announced that it has received notice that with the closing bid price of the company’s American Depositary Shares exceeding USD 1.00 for at least ten consecutive business days, Polestar has regained compliance with Nasdaq’s Listing Rule 5450(a)(1).  Polestar was notified by Nasdaq in the U.S. on July 5 that it was not in compliance with the minimum bid price as the ...

News  Updated at: 2024/09/19

Polestar unveils Polestar 6 Concept BST at Goodwood Festival of Speed 2024 On July 11, Polestar unveiled its Polestar 6 Concept BST, an electric roadster concept, along with its other models at the Goodwood Festival of Speed 2024. The Polestar Concept BST is developed alongside the Polestar 5, using Polestar’s Performance Architecture (PPA) platform. It features bespoke bodywork, an aerodynamically optimized bonnet with a vented design, paired...

News  Updated at: 2024/07/11

Polestar conducts critical safety test for Polestar 5 On June 11, Polestar announced that its safety team conducts a critical side pole test for Polestar 5, simulating a car hitting a tree side-on, to ensure vehicle safety. In the test, the Polestar 5 is propelled sideways at 32 km/h into a narrow pole, using advanced side-impact dummies. The focus is on the far-side airbag, which deploys from the sports seats to prevent head collisions between ...

News  Updated at: 2024/06/12

Polestar and StoreDot successfully charge an EV in 10 minutes On April 29, Polestar announced that it has, along with StoreDot, a pioneering fast-charging battery company, successfully demonstrated the implementation of StoreDot's Extreme Fast Charging (XFC) technology in a car for the first time, managing to charge a Polestar 5 from 10% to 80% in 10 minutes. The vehicle recorded an initial constant charge rate of 310 kW that increased to over 37...

News  Updated at: 2024/05/01

Polestar receives USD 1 billion funding as part of strategic plan On February 28, Polestar Automotive Holding announced it has obtained USD 950 million in external financing to advance its business plan and achieve its 2025 goals. This financing is accompanied by an efficiency program in which the reduction of 10% of jobs in 2023 was contemplated, while in 2024 another 15% will be eliminated. As part of this strategy, Polestar expanded its model ...

News  Updated at: 2024/02/29

Polestar 3 production starts in China, pre-production in U.S. On February 27, Polestar announced that production of Polestar 3 has started in Chengdu, China, while pre-production has begun at the plant in Ridgeville, South Carolina, with mass production to begin there in the middle of 2024.  The first early production test series in the U.S. factory has been completed successfully. “This stunning car takes a significant step forward with start...

News  Updated at: 2024/02/28

Polestar 5 features bonded aluminum unibody On February 14, Polestar announced that it had introduced bonded aluminum unibody technology at its Chongqing plant in China. The bonded aluminum unibody technology replaces mixed metal structures and about 4,000 rivets, which are normally used in traditional manufacturing, with adhesive and oven curing. The technology has many advantages but is hard to mass-produce due to labor intensity and scalabilit...

News  Updated at: 2024/02/16

Polestar Day in LA: Korean production in 2025, V2G projects, StoreDot’s XFC demo On November 9, at its inaugural Polestar Day in Los Angeles, California, Polestar’s full range of future models was exhibited together for the first time, including Polestar 3, Polestar 4, Polestar 5, Polestar Precept, the Polestar Electric Roadster Concept and Polestar Synergy. At the exhibition, Polestar confirmed that manufacturing of Polestar 4 in Hangzhou Ba...

News  Updated at: 2023/11/10

Polestar, Sweden signs battery cell supply agreement with SK On, Korea for Polestar 5 Polestar signed an agreement with SK On, a South Korean battery manufacturer, for the supply of battery cell modules for the forthcoming Polestar 5 electric 4-door GT. The production of Polestar 5 is planned to start in 2025. SK On’s high-nickel battery cell modules comprise ultra-long 56 cm cells with high energy density which offers high-performing chemistry...

News  Updated at: 2023/11/07

Polestar presents Polestar 3 and latest Polestar 5 prototypes at Goodwood Festival of Speed On July 13, Polestar announced the dynamic debut of Polestar 3 and Polestar 5 prototype at Goodwood Festival of Speed.Besides the two models, the updated Polestar 2 with rear-wheel drive, 476 hp limited-production BST edition 230, Polestar 6, the production evolution of the electric roadster concept are on the Polestar stand.The updated Polestar 2 and limi...

News  Updated at: 2023/07/13

Polestar to preview upcoming models in Goodwood Festival of Speed, UK On June 22, Polestar announced that it will present new products at Goodwood Festival of Speed on 13-16 July. It plans to present Polestar 3, the limited production Polestar 2 BST edition 230, and the upgraded model year 2024 Polestar 2.The latest Polestar 5 prototype will also be present, and the concept of Polestar 6 is to be previewed. Based on Polestar press release ...

News  Updated at: 2023/06/22

Polestar to establish R&D operations at NEVS’ former premises in Stallbacka, Sweden On April 17, a municipally owned real estate company Kraftstaden Fastigheter AB announced that Polestar is expanding further in Trollhättan by locating development and testing operations on a total area of nearly 15,000 square meters at Stallbacka industrial area.In premises that previously housed both SAAB and NEVS, Polestar will primarily devote itself to tes...

News  Updated at: 2023/04/25

Polestar and Luminar expand collaboration on lidar systems Polestar and Lidar supplier Luminar are expanding their collaboration to include long-range radar technology on more vehicles.The two companies have an existing relationship (via Volvo Cars) to supply Lidar components for the Polestar 3, the brand’s first SUV, which launched in selected markets in October 2022. The initial units, expected to be delivered in Q4, 2023, are not equipped wi...

News  Updated at: 2023/02/03

Polestar achieves its goal of 50,000 deliveries in 2022 On January 1, Polestar's CEO Thomas Ingenlath announced that through "extra hard" work, the company achieved all-time high deliveries in December, and met the goal of delivering 50,000 Polestar 2 electric cars in 2022.During Q3 2022, Polestar delivered 9,215 plug-in electric cars, while the year-to-date number at the end of September was 30,400.Deliveries had significantly accelerated, as by...

News  Updated at: 2023/01/04

Polestar 3 electric performance SUV revealed, available to order On October 12, Polestar revealed the Polestar 3 electric performance SUV, and announced the start of online orders in all initial launch markets. Production for the initial launch markets of North America, Europe, and China is planned to begin in Volvo Cars’ facility in Chengdu, China, in an incremental ramp-up phase from mid-2023, with first deliveries expected in Q4 2023. Addit...

News  Updated at: 2022/10/13

Polestar confirms Polestar 6 production plans based on electric roadster concept Polestar confirmed plans to produce an electric performance roadster called the Polestar 6, based on a concept vehicle called the Polestar O2 shown in Los Angeles on March 2022. The Polestar 6 will use the brand’s bonded aluminum platform and share the same 800-Volt electric architecture used on the Polestar 5. This will enable a dual motor powertrain to generate u...

News  Updated at: 2022/08/17

Polestar to debut new electric powertrain in Polestar 5 electric 4-door GT On June 23, Polestar announced that it is showing a development prototype of the Polestar 5 in public for the first time at the 2022 Goodwood Festival of Speed (June23-26, 2022).In Sweden, the development of a new top-of-the-line electric powertrain for Polestar 5 is ongoing. A new rear electric motor will provide superior output, along with 800-Volt architecture. Combined...

News  Updated at: 2022/06/23

Polestar targets 160,000 unit annual production for Polestar 3, Polestar 4 On June 15, Polestar announced it has over 32,000 customer orders globally for Polestar 2 since start of 2022, an increase of 290% versus the same period in 2021.The Polestar 2 performance fastback is the company’s first fully electric, high volume car.“Our order intake is at record levels and currently represents an annualized run-rate of over 75,000 vehicles, putting...

News  Updated at: 2022/06/16

Polestar to debut Polestar 5 prototype at Goodwood Festival of Speed On June 14, Polestar announced that it is returning to the Goodwood Festival of Speed on June 23, 2022, and will debut a Polestar 5 prototype and the new high-performance, limited-edition Polestar 2 BST edition 270. Polestar’s electric roadster concept and its existing product range will also be present. The Polestar 5 prototype will be stationed in the First Glance Paddock ...

News  Updated at: 2022/06/14