Polestar’s first SUV, the Polestar 3 EV, will go on sale in the third quarter of 2022.

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On Tuesday, Polestar released teaser images of its first electric SUV, the Polestar 3, which will make its global debut in October.

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The teaser shows an elegant four-seat SUV with a panoramic sunroof that extends from the windshield to the rear spoiler and striking taillight design.

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The Polestar 3, to be built at Volvo’s plant in Charleston, South Carolina, later this year, is the third model from the high-performance electric vehicle maker after the discontinued 600-hp Polestar 1 plug-in hybrid and the Polestar 2 all-electric sports sedan.

The latest Polestar model allows the automaker to enter one of the most profitable and fastest growing segments of the industry in the US: larger luxury electric vehicles. Several automakers have begun to capitalize on this dual demand for both luxury SUVs and electric vehicles. New members, including Maserati Grecal, Lexus RZ, Cadillac Lyric They are expected to become top sellers of their brands.

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The automaker said its SUV will travel approximately 372 miles on a fully charged battery and will feature a twin-motor powertrain. Production in the US and China will begin in early 2023. Ultimately, the SUV will be able to provide autonomous driving on the highway using Luminar’s LiDAR sensors and NVIDIA’s centralized computing.

Polestar intends to introduce an SUV to showcase the brand’s capabilities and performance. With this vehicle, we are bringing the sport back to the SUV while staying true to our performance roots,” said CEO Thomas Ingenlath.

Polestar, launched in 2017 as a standalone brand under Swedish Volvo Cars, has aggressive plans for the future. Starting with the public premiere of the Polestar 3 this fall, Polestar plans to release one new model each year for the next three years.

The goal is to increase its presence to at least 30 global markets by the end of 2023, while increasing global sales tenfold to 290,000 units by 2025, up from 29,000 units sold in 2021.

To fund its lofty goals, Polestar plans to go public this summer through a merger with Gores Guggenheim. The SPAC deal values ​​the company at $20 billion. Most EV manufacturers will go public through a so-called reverse merger instead of an IPO. stumbledwhich ultimately leads to investigations The US Securities and Exchange Commission, the dismissal of top managers and falling valuations.

Polestar announced last week that it will build 270 units of the high-performance version of its Polestar 2 electric compact sedan. The 2023 Polestar 2 BST Edition is a four-door fastback with 476 horsepower – 68 more than the regular Polestar 2 – and a starting price of $75,500. dollars. Customers will begin receiving their orders later this year.


Credit: techcrunch.com /

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