EV Maker Polestar Pares Back Sales Target Amid Volatile Demand

Polestar aims to shake off EV doldrums with 4 new models in 3 years

Polestar says it will release four new electric models over the next three years, including a new SUV and a revamped version of its Polestar 2 sedan. The Swedish automaker, which is owned by China's Geely, said it will start delivering its Polestar 5 grand tourer to customers this summer, followed by a new long-roof variant of its Polestar 4 in the fourth quarter. In early 2027, a "new successor" to the Polestar 2 will go into production. And in 2028, the company is planning to release a compact premium SUV as the Polestar 7. The news comes after Polestar reported strong sales growth in 2025, with the automaker's full-year sales reaching … Read the full story at The Verge.

Engadget4 days ago

Polestar unveils a station wagon version of the 4

Polestar is gearing up to launch three new models in the next two years, including a station wagon (estate or shooting brake) version of the Polestar 4 that harkens back to the company's Volvo roots. The Geely-owned Swedish company sold a record 61,000 EVs in 2025, but hopes that the new models will help it take an even bigger bite out of the market. "We want to get more volume out of a bigger cake," CEO Michael Lohscheller said. Polestar currently offers two models in the US, the Polestar 3 and Polestar 4, both SUVs. However, the new Polestar 4 will come in two variants, one a traditional SUV as before and the other a four-door wagon-type version that combines "the space of an estate and the versatility of an SUV," Loscheller said. "It's all the good things from the current car, but it's a bit more practical." This new model is due later this year and will be built in Busan, South Korea in order to avoid US tariffs on cars built in China. The automaker is also planning to release a new version of the Polestar 2 targeted at young buyers, though that one is unlikely to come to the US. It will be slightly longer for more passenger space and be produced in China like the current model 2. Polestar Finally, the Polestar 7 will be a compact SUV in the same family as Volvo's EX60, set to arrive in Europe to address the fast-growing compact SUV segment. "We are convinced that we can offer customers a progressive performance-driven car for a very attractive price point, built in Europe," Lohscheller said. The new models are designed to help Polestar hit its goal of 60 percent of EV sales worldwide by "targeting the big profit pools of the BEV segment," Lohscheller stated. Following Polestar's withdrawal from the hyper-competitive Chinese market, Europe accounts for 78 percent of its sales and the US most of the rest — but the company hopes to boost its fortunes in the latter. "People forget that the U.S. is a big EV market, especially on the east and west coasts," the

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EV Maker Polestar Pares Back Sales Target Amid Volatile Demand

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Polestar aims to shake off EV doldrums with 4 new models in 3 years

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Polestar aims to shake off EV doldrums with 4 new models in 3 years

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The Verge4 days ago
Polestar aims to shake off EV doldrums with 4 new models in 3 years
Polestar says it will release four new electric models over the next three years, including a new SUV and a revamped version of its Polestar 2 sedan. The Swedish automaker, which is owned by China's Geely, said it will start delivering its Polestar 5 grand tourer to customers this summer, followed by a new long-roof variant of its Polestar 4 in the fourth quarter. In early 2027, a "new successor" to the Polestar 2 will go into production. And in 2028, the company is planning to release a compact premium SUV as the Polestar 7. The news comes after Polestar reported strong sales growth in 2025, with the automaker's full-year sales reaching … Read the full story at The Verge.

Engadget4 days ago
Polestar unveils a station wagon version of the 4
Polestar is gearing up to launch three new models in the next two years, including a station wagon (estate or shooting brake) version of the Polestar 4 that harkens back to the company's Volvo roots. The Geely-owned Swedish company sold a record 61,000 EVs in 2025, but hopes that the new models will help it take an even bigger bite out of the market. "We want to get more volume out of a bigger cake," CEO Michael Lohscheller said. Polestar currently offers two models in the US, the Polestar 3 and Polestar 4, both SUVs. However, the new Polestar 4 will come in two variants, one a traditional SUV as before and the other a four-door wagon-type version that combines "the space of an estate and the versatility of an SUV," Loscheller said. "It's all the good things from the current car, but it's a bit more practical." This new model is due later this year and will be built in Busan, South Korea in order to avoid US tariffs on cars built in China. The automaker is also planning to release a new version of the Polestar 2 targeted at young buyers, though that one is unlikely to come to the US. It will be slightly longer for more passenger space and be produced in China like the current model 2. Polestar Finally, the Polestar 7 will be a compact SUV in the same family as Volvo's EX60, set to arrive in Europe to address the fast-growing compact SUV segment. "We are convinced that we can offer customers a progressive performance-driven car for a very attractive price point, built in Europe," Lohscheller said. The new models are designed to help Polestar hit its goal of 60 percent of EV sales worldwide by "targeting the big profit pools of the BEV segment," Lohscheller stated. Following Polestar's withdrawal from the hyper-competitive Chinese market, Europe accounts for 78 percent of its sales and the US most of the rest — but the company hopes to boost its fortunes in the latter. "People forget that the U.S. is a big EV market, especially on the east and west coasts," the

Bloombergabout 2 hours ago
Option Pros Trade Index Versus Index to Play Huge Stock Rotation
Equity-options investors are looking to relative value trades between markets as opportunities to profit from dispersion strategies become scare.

Bloombergabout 2 hours ago
US Bilateral Trade Deals Stand Despite Tariff Ruling, Greer Says
President Donald Trump’s tariff-policy defeat in the US Supreme Court won’t unravel individual deals the administration has sealed with its trading partners, US Trade Representative Jamieson Greer said.

Bloombergabout 4 hours ago
Global Cash Is Fueling a Historic Start for Latin America Stocks
Global investors are piling into Latin American stocks at the fastest clip in a decade, sending markets across the region to multi-year highs.

Bloombergabout 5 hours ago
Hungary to Block EU Sanctions, Loans Over Druzhba Standoff
Hungary plans to block every European Union decision concerning Ukraine, including a new sanctions package against Russia and key loans, until oil starts flowing again through the Druzhba pipeline in western Ukraine.