Polestar, the sustainable Swedish premium electric car company, have released a teaser image of the forthcoming Polestar 3 electric performance sports utility vehicle (SUV). This new electric vehicle (EV) is set to launch in 2022.
Polestar 3 is the company’s first SUV and will be its first vehicle to be built in the US, with production set to take place at the Volvo Cars plant in Charleston, South Carolina.
Volvo Cars are a large shareholder in Polestar and allow the company to benefit from their world-leading safety technologies, and generate cost efficiencies through financial and industrial synergies.
This news follows the September announcement of Polestar’s intention to list on Nasdaq in connection with its proposed business combination with Gores Guggenheim, Inc., which is expected to close in the first half of 2022.
Thomas Ingenlath, Polestar CEO, said: “We will build in America for Americans. Polestar 3 is planned to be launched in 2022 as a premium electric performance SUV that will define the look of SUVs in the electric age. It will also be the first Polestar vehicle to be built in America.”
Thomas Ingenlath hosted investors and press at a series of events in New York to discuss the company’s vision, brand and growth plans. The audience learned that Polestar 3 is intended to be one of the most climate-responsible cars ever made.
Polestar 3 will, in time, offer autonomous highway piloting powered by the best-in-class LiDAR sensor from Luminar and centralised NVIDIA computing power.
The premium SUV market is the fastest-growing segment in the US automotive industry and is expected to be one of the most rapid to adopt fully electric vehicles.
Polestar Precept, the company’s manifesto concept car that previews the future of its design, technology and sustainability, also made its US debut in New York City. Precept, which will become Polestar 5, now embarks on a national tour, visiting Polestar retail locations throughout the US into the new year.
Ingenlath added: “We are not a virtual company waiting to build factories and sell cars. We are an actual company already building and selling cars around the world.
“Our two award-winning cars are on the road in 14 markets globally and we expect our global sales volume to reach around 29,000 vehicles this year.”
Ingenlath also underlined Polestar’s established manufacturing and sales capability and that the company plan to launch a new car every year for the next three years. This will start with Polestar 3 and the brand plans to increase its presence to at least 30 global markets by the end of 2023.