The Polestar 3 is the company’s first SUV and follows in the footsteps of the popular Polestar 2 electric crossover and the recently announced Polestar 2 BST edition 270 limited edition. It’s a slick-looking car where performance and efficiency have been key to the design.
At launch, Polestar 3 will feature a dual-motor drivetrain and a large battery, with a range target of over 370 miles (600km). The new SUV will, over time, offer autonomous highway piloting powered by the best-in-class LiDAR sensor from Luminar and centralised NVIDIA computing power.
Customers will be able to order the new Polestar 3 in initial launch markets from the day of the premiere. Production is expected to begin in early 2023 and it will be manufactured in the United States and China.
The launch of the new Polestar 3 marks Polestar’s entrance into one of the highest margin and growth segments in the automotive industry, particularly in the United States.
Thomas Ingenlath, Polestar CEO, said: “Polestar 3 is the SUV for the electric age. Our design identity evolves with this high-end large luxury EV, with a strong, individual brand character.
“With this car, we bring the ‘sport’ back to the SUV, staying true to our performance roots. This is a major milestone for our company, one that boosts our growth trajectory and takes us into our next phase.”
Polestar plans to launch a new car every year for the next three years, starting with Polestar 3. The company is constantly developing and evolving its zero-emission electric vehicle line-up. Also waiting in the wings is the Polestar 5, an electric performance 4-door GT which evolved from the Polestar Precept. This is expected to be launched in 2024.
The company also aims to increase its presence to at least 30 global markets by the end of 2023. This supports Polestar’s plans to grow ten-fold from global sales of approximately 29,000 in 2021 to approximately 290,000 by the end of 2025.