Latest news with #Polestar5
Motor Trend
6 days ago
- Automotive
- Motor Trend
Polestar Says New 7 Is Coming in 2028, Following the 5 and 6
Polestar's all-electric family of cars and SUVs continues to expand beyond the Polestar 2, with the new Polestar 3 midsize SUV and slightly smaller, more coupe-like Polestar 4 recently joining the fold. Soon, the Polestar 5 "four-door GT" will arrive, and now comes news from Polestar that it has yet another model on the way, though it's a little farther out: The new Polestar 7, due by 2028. Polestar plans to release the Polestar 7, a compact electric SUV, by 2028, featuring shared components with Volvo's EVs. It will be more upright and SUV-like than the Polestar 4, likely resembling a smaller Polestar 3. Production will be in Slovakia to avoid tariffs. This summary was generated by AI using content from this MotorTrend article Read Next Don't read too much into Polestar's numerical naming scheme—it doesn't ladder up in the way other brands such as Audi go about it. In other words, the Polestar 7 isn't bigger or more luxurious than, say, the 5. It's pretty much just the order in which each model debuts, hence why the oldest (the Polestar 2) has the smallest number, and the newest (the Polestar 4) has the highest. The upcoming 5 is the next in line, with the 6 roadster presumably following that and beating this new 7 to market between now and 2028. Polestar's first standalone model was the Polestar 1, a high-priced, small volume plug-in hybrid performance coupe that was not replaced. So, what exactly is the Polestar 7? The automaker says it's a new compact electric SUV that will share components with Volvo's EVs. Per Polestar's announcement, the "Polestar 7 will utilize a technology base from Volvo Cars, benefiting from group component sharing, cell-to-body technology with next-generation battery density and performance, as well as the next generation of in-house developed e-motors. Adaptations will be made to create the driving experience and performance characteristics that Polestar is known for." Our best guess? That means it'll be Polestar's version of the upcoming Volvo EX60, its all-electric equivalent to the XC60 compact SUV. (Volvo's larger XC90 gained an electric analogue recently, the EX90; both are pictured below.) This suggests it'll be a two-row, all-electric SUV that's smaller than the midsize Polestar 3 (pictured above), and more affordable. Confusingly, the Polestar 4 also is a compact SUV—but one with a low, swoopy roofline and a streamlined, four-door coupe style shape. Luckily Polestar has handed out the moody photo at the top of this page depicting the 7 underneath a teasing sheet. Even viewed from dead-on, it seems pretty clear that the 7 is more upright, boxier, and SUV-like than the Polestar 4. We're guessing something like a shrunken Polestar 3 with unique lighting. We'll find out more in the coming years as the Polestar 7's on-sale date draws closer. For now, we know that the 7 will be built in Europe, specifically in Kosice, Slovakia. This should help ensure the 7 avoids the kind of tariffs that upended the recent launch of Volvo's EX30, which is being built in China but will see more capacity spring up in Belgium this year to help extricate that SUV from more severe import duties.
Time of India
13-05-2025
- Automotive
- Time of India
Polestar leans on 'home market' Europe to revive business; posts smaller Q1 loss
Polestar will focus more on profitable Europe rather than the U.S and China, the company's CEO said on Monday, as the Swedish EV maker seeks to pull itself out of chronic losses and mounting debt. Grappling with a cash crunch amid a broad slowdown in EV demand Polestar has made major strategic changes over the past few months after auto industry veteran Michael Lohscheller took over as a CEO. Focusing on Europe, which accounts for 75per cent of sales, aggressive cost cuts and shifting to a traditional dealership have been some of the changes. "Europe has absolutely the highest priority ... we focus a lot on our strengths and the strengths are really in Europe for sure - we have a good service network, a lot of dealers together with Volvo, our brand has a very good awareness," Lohscheller said on a call to analysts. Its Polestar 4 model, priced at 57,900 euros in Germany, stood for nearly half of its sales in the first quarter, with its Polestar 3 that starts at 74,590 euros making up 20per cent of the around 12,304 vehicles sold in the quarter. The increasing sales of the two models helped its net loss narrow to $190 million in the quarter, from $276 million a year earlier, while also aiding its gross margin in turning positive to 6.8per cent in the period from a negative margin of 7.7per cent last year. Polestar's US-listed shares rose as much as 5.5per cent before paring gains to trade down marginally. Other markets Polestar has tried to conquer both the U.S and China, with mixed results, and tariffs adding an extra burden. While the automaker has sold the Polestar 3 - which is produced in America - to the market, the popular Polestar 4 has continued to be delayed to its customers and will not be shipped to the country until production starts in South Korea in the second half of this year. Another upcoming model, Polestar 5, is also produced in China at a Geely-owned factory and is expected to start sales later this year. This comes despite U.S slashing on Monday the tariffs on Chinese imports to 30per cent from 145%. Polestar has also struggled to tap the very profitable market of China - where domestic rivals reign the market with cheaper models and superior tech - and ended in the quarter its partnership with Geely's Meizu.
BBC News
16-04-2025
- Automotive
- BBC News
Warwickshire electric car manufacturer to make redundancies
Electric car manufacturer Polestar is to make redundancies within its research and development (R&D) firm, which has an R&D centre at MIRA Technology Park in Nuneaton, Warwickshire, and another centre at Ansty Business Park in Coventry, said the redundancies were a result of engineering work for Polestar 5 now reaching completion."Regrettably, some engineering roles will no longer be required, which will see a reduction of a number of research and development employees," Polestar a statement, the firm added it would initially make reductions through voluntary redundancy. "Polestar remains committed to maintaining R&D operations in both the UK and Sweden," a spokesperson Swedish firm, owned by Volvo and Geely, sells in 27 markets around the latest model, the Polestar 5, is set to be released this year and was partly designed at MIRA. Follow BBC Coventry & Warwickshire on BBC Sounds, Facebook, X and Instagram.
