Polestar pauses 2025 financial guidance amid tariffs uncertainty On April 30, Polestar announced that it expects improved gross margins through 2025, driven by strong progress in transforming its commercial operations and a positive shift toward higher-margin models. The company also stated that it is continuing to implement cost-saving measures across the organization. The company is pausing its financial guidance for 2025 due to ongoing uncerta...

News  Updated at: 2025/05/01

Polestar 3 factory-fitted with Continental’s SportContact 7 tires On April 29, Polestar announced it is relying on Continental’s SportContact 7 as original equipment for its Polestar 3 model. The tire manufacturer has received original equipment approval in the 21-inch tire size for the electric SUV.  The SportContact 7 is a high-performance tire for high-powered sporty vehicles with electric or conventional drives. In addition to high drivi...

News  Updated at: 2025/04/30

Polestar expands retail offense in U.S. with emphasis on U.S.-built Polestar 3 On April 23, Polestar announced the opening of a new retail location, known as a Polestar Space, in San Diego, California. The opening of Polestar San Diego is part of the brand’s continued commercial expansion across the U.S., with additional Spaces set to open in the coming months and beyond. Anders Gustafsson, Head of Polestar North America, noted the importance o...

News  Updated at: 2025/04/24

Polestar announces 24.7% carbon footprint reduction per sold car On April 15, Polestar announced significant GHG reductions, provided updates on the Polestar 0 project, and highlighted ongoing efforts to improve transparency and increase the use of sustainable materials in its 2024 Sustainability Report. The company has reduced its carbon footprint per car sold by 24.7%, with key factors including the increased use of low-carbon aluminium, improv...

News  Updated at: 2025/04/16

r SAIC-GM-Wuling; 4,701 units for Tesla China; 4,271 units for Spotlight Automotive; 3,764 units for Leapmotor; 3,254 units for Volvo Cars Asia-Pacific; 3,127 units for Great Wall Motor; 3,103 units for XPeng; 2,292 units for Dongfeng Motor Corporation; 2,205 units for Changan Auto; 2,183 units for Polestar; 1,284 units for smart; 1,170 units for GAC Aion; 1,127 units for FAW Hongqi; 1,021 units for Seres; 868 units for Jiangsu Yueda Kia; 806 uni...

News  Updated at: 2025/04/11

Euro NCAP announces safety rating of 7 SUVs On April 9, Euro NCAP announced safety ratings covering 7 SUVs based on four categories i.e. Adult Occupant, Child Occupant, Vulnerable Road Users, and Safety Assist. The lineup includes Polestar 3, BYD SEALION 7, Cupra Terramar, GEELY EX5, Hongqi E-HS9, JAECOO 7 (PHEV) and Audi A6. Polestar 3 earned a 5-star Euro NCAP rating, excelling in Child Occupant protection (93%). It performed well in crash test...

News  Updated at: 2025/04/09

Volvo vows to boost U.S. production after 25% tariffs imposed On April 3, newly reinstated Volvo Car CEO Hakan Samuelsson said that his company will have to increase the number of cars it builds at its plant in Ridgeville, South Carolina, including the addition of another model, after U.S. President Trump raised tariffs on imported automobiles. Volvo already builds EX90 and Polestar 3 electric vehicles in Ridgeville, and “will have to look clos...

News  Updated at: 2025/04/04

Polestar introduces 2026 Polestar 2 with new battery and tech upgrades On April 2, Polestar introduced the model year 2026 update for Polestar 2, featuring new technology and enhancements. The 2026 Polestar 2 is now available for order in Europe, Hong Kong and Israel, with additional markets to follow throughout 2025. The 2026 Polestar 2 Standard Range Single Motor variant now features a 70 kWh CATL battery in all markets, replacing the previous ...

News  Updated at: 2025/04/02

ing distances. It also supports high torque and reduces noise. In addition, the company is working to equip dozens of soon-to-be released cars, with specific versions already homologated for models such as the Lamborghini Urus SE, Audi A5, BMW M5 and M5 Touring, Mercedes GLE and GLS, Lucid Gravity, Polestar 4, Nio ET9, and Xiaomi SU7. (From a press release dated March 31, 2025)...

News  Updated at: 2025/04/01

M-Wuling; 4,266 units for Changan Auto; 4,154 units for SAIC Motor Passenger Vehicle; 3,911 units for Tesla China; 3,578 units for Volvo Cars Asia-Pacific; 2,607 units for Dongfeng Motor Corporation; 2,502 units for XPeng; 1,861 units for Great Wall Motor; 1,616 units for Leapmotor; 1,504 units for Polestar; 1,133 units for GAC Aion; 973 units for smart; 448 units for Seres; 364 units for Neta Auto; 350 units for FAW Hongqi; 300 units for Dongfen...

News  Updated at: 2025/03/12

olina. The current versions of the EX30 are manufactured in China. Production of the EX30 for European markets begins this year at Volvo’s factory in Ghent, Belgium. “We think the EX30 Cross Country will be a pretty good seller in the U.S.,” Rowan said. Volvo builds the full-electric EX90 and Polestar 3 SUVs at the Ridgeville plant, which is capable of building cars on the first and second generations of Volvo’s Scalable Product Architect...

News  Updated at: 2025/03/06

Polestar secures USD 450 million term facility and renews EUR 480 million Green Trade Finance Facility On February 28, Polestar secured a 12-month credit facility of up to USD 450 million, following a previous USD 800 million financing arrangement in December 2024. Additionally, the company renewed its EUR 480 million Green Trade Finance Facility, originally established in 2022 to support working capital needs. Polestar plans to release its globa...

News  Updated at: 2025/03/01

Polestar offers incentives to convert current Tesla owners in U.S. Polestar is seeking to convert some of Tesla’s customers with a new trade-in promotion for leases on its new Polestar 3 SUV. On its website Polestar said buyers can save up to USD 20,000 when trading in a Tesla vehicle and leasing a Polestar 3 SUV. The promotion combines the USD 5,000 Polestar Conquest Bonus, which is available for eligible customers who currently own or lease a...

News  Updated at: 2025/02/28

Polestar 3 to feature NVIDIA DRIVE AGX Orin Processor in 2026 upgrade for enhanced performance On February 20, Polestar introduced nine software updates for the Polestar 3 model, with more than 30 OTA updates across its entire range since 2020. The latest update for the Polestar 3 adds features such as walk-away locking and digital key functionality, allowing smartphone users to unlock, lock, or start the car without taking the phone out of their...

News  Updated at: 2025/02/21

Polestar introduces Apple Wallet car key support in vehicles On February 20, Polestar introduced car key integration with Apple Wallet for Polestar 3 customers through an over-the-air (OTA) software update. This feature allows drivers to unlock, lock, and start their vehicle with their iPhone out or an Apple Watch. The customers can share their car keys via Messages, Mail, AirDrop, WhatsApp, and other platforms with up to five users. The vehicle ...

News  Updated at: 2025/02/20

Samsung Wallet introduces digital key support for Volvo & Polestar vehicles On February 17, Samsung Electronics announced Digital Key compatibility with select Volvo Cars and Polestar vehicles through Samsung Wallet, allowing Galaxy users to use their smartphone to unlock, lock and start their vehicle. The Digital Key allows users to lock, unlock, and start their vehicle without a physical key. It works through Ultra-wideband (UWB) for hands-free...

News  Updated at: 2025/02/19

vehicles.  Renault Korea President Stéphane Deblaise commented, “With this transformation and our strengthened collaboration with Busan City, we are fully committed to producing next-generation vehicles, including the Aurora 2 Project, which will debut next year, alongside the Grand Koleos and Polestar 4.” Meanwhile, production of Polestar 4 is scheduled to begin in the second half of this year. (From Renault Korea press release on Februar...

News  Updated at: 2025/02/13

sla China; 8,662 units for Chery; 4,404 units for Changan Auto; 3,546 units for Dongfeng Motor Corporation; 3,495 units for Geely; 3,006 units for SAIC-GM-Wuling; 2,878 units for Great Wall Motor; 2,852 units for SAIC Motor Passenger Vehicle; 2,501 units for Volvo Cars Asia-Pacific; 2,380 units for Polestar; 2,166 units for Leapmotor; 2,010 units for XPeng; 1,618 units for GAC Aion; 882 units for FAW Hongqi; 619 units for smart; 538 units for BMW...

News  Updated at: 2025/02/12

ant in Hungary around Q4 2025 as well, however it first announced its plans back in December 2023, several months before the Chery-EV Motor JV was signed in April 2024. Moreover, the next confirmed Chinese facility – a BYD plant in Turkey – will not be operational until Q1 2027, while Geely’s Polestar and Lynk & Co brands are not slated to join the group’s Volvo Car factories in Sweden and Belgium until later that year. Despite their quic...

News  Updated at: 2025/01/27

Polestar officially announces entry to French market in summer 2025 On January 20, Polestar announced its planned entry into the French market in summer 2025, marking another step in its international expansion aimed at accelerating the transition to electric mobility. Already present in 27 countries, Polestar will use an agency distribution model in France, partnering with Volvo’s network. Customers will be able to purchase vehicles both onlin...

News  Updated at: 2025/01/21