Polestar, the Swedish electric performance car brand, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October 2022. It is the company’s first SUV.
Polestar 3 will, over time, offer autonomous highway piloting, powered by the best-in-class LiDAR sensor from Luminar, and centralized NVIDIA computing power. At launch, it will feature a dual-motor drivetrain and a large battery, with a range target of over 600km.
The confirmation of the world premiere comes with the first undisguised image of the car. Customers can expect to order Polestar 3 in initial launch markets from the day of the premiere.
Production is expected to begin in early 2023, and Polestar 3 will be manufactured in the United States and China.
“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,” Polestar CEO Thomas Ingenlath said.
“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, and aims to increase its presence to at least 30 global markets by the end of 2023. It already has the Polestar 2 in the market.
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. The company intends to list on the Nasdaq in a proposed business combination with Gores Guggenheim, Inc.