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Polestar provides next glimpse of Polestar 3 and reaffirms growth plans

  • Launching in 2022, Polestar 3 will redefine SUVs for the electric age and will be made in US
  • Polestar is on track for approx. 29,000 global sales in 2021
  • Polestar Precept debuts on US soil in New York City; embarks on national tour
GOTHENBURG, Sweden – December 2, 2021. Polestar, the pure play, premium electric car company, has released a second teaser image of the forthcoming Polestar 3 electric performance SUV, which 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 in Charleston, South Carolina. 
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. (Nasdaq: GGPI, GGPIW, and GGPIU), which is expected to close in the first half of 2022.
“We will build in America for Americans,” says Thomas Ingenlath, Polestar CEO. “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 and will in time offer autonomous highway piloting powered by the best-in-class LiDAR sensor from Luminar and centralized 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 now embarks on a national tour, visiting Polestar retail locations throughout the US into the new year.
Thomas Ingenlath told audiences he believes there is a fundamental difference between Polestar and many other electric car companies. “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.”

Thomas Ingenlath also underlined the company’s established manufacturing and sales capability, expressing that Polestar is planning to launch a new car every year for the next three years, starting with Polestar 3, and plans to increase its presence to at least 30 global markets by the end of 2023. 

Expanding presence in these new markets, the arrival of three new cars, and further advances in its existing markets, mean that Polestar plans to grow ten-fold from global sales of around 29,000 in 2021 to 290,000 by 2025. “From here on in, Polestar is all about growth,” concludes Thomas Ingenlath.
Polestar 3 will be built at the Volvo Cars plant in Charleston, South Carolina. Volvo Cars is a large shareholder in Polestar, allowing Polestar to benefit from the Swedish company’s world leading safety technologies, but also generate cost efficiencies through financial and industrial synergies.
 
(Polestar media)
 
 
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Polestar will turn O2 concept into next halo car
The Polestar 6, a likely Porsche 911 rival, will be the Volvo subsidiary's most powerful, most expensive model when it arrives in 2026.

 

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The Polestar 6 hardtop convertible will be built alongside the Polestar 5 electric luxury sedan in Chongqing, China.

Polestar said Tuesday it will turn its O2 concept into its next halo car, which is likely to be aimed at the Porsche 911.

The 650-kilowatt (872-hp), 200,000 euro full-electric roadster, which will be called the Polestar 6, will be the automaker's most powerful and most expensive model when it arrives in 2026.

The brand's most powerful and expensive model now is the Polestar 1, which offers more than 600 hp and starts at 155,000 euros. Meanwhile, the Polestar 3 premium large SUV, which will debut in October, is expected to start at 75,000 euros.

Polestar will build the hardtop convertible alongside the Polestar 5 electric luxury sedan in Chongqing, China.

The plant is owned by Geely Holding but operated by Polestar, which was co-founded by Volvo Cars and Geely in 2017.

The cars will share Polestar's new lightweight bonded-aluminum platform and an 800-volt electric architecture that in addition to providing nearly 900 hp of power will offer 900 newton meters of torque, 0 to 100 kph (62 mph) acceleration in 3.2 seconds, a top speed of 250 kph (155 mph) and an estimated range of more than 480 km (300 miles).

Polestar previewed what to expect from the Polestar 5, which is due in 2024, at the Goodwood Festival of Speed in England in June.

The four-door GT will be aimed at the Porsche Taycan, Tesla Model S as well as EVs from Mercedes-Benz, Jaguar and Lucid.

Like the Polestar 6, the Polestar 5 started as a concept, called the Precept, that evolved into the brand's future flagship grand tourer.

*Polestar currently aligns its estimated starting prices with Porsche models. For instance, the Polestar 3's 75,000-euro base price is in line with the Porsche Cayenne, which starts at about 83,000 euros in Germany.

The Polestar 4 and Polestar 5, for which no official prices have been given, will align with the Porsche Macan and Porsche Panamera, which start at about 66,000 euros and 98,000 euros, respectively, in Germany.

The current 911 Turbo Cabriolet starts in about 212,000 euros in Porsche's home market.


Niche within a niche

The only battery-powered open-top model sold in Europe now is the Smart ForTwo Cabriolet, which had a volume of less than 7,100 last year, according to market research Dataforce.

The premium convertible segment, where the Polestar 6 would compete, is led by the Mini, BMW 4 Series and 911 while in the U.S. the niche's top-sellers are the Chevrolet Corvette and 911.

Between 2004 and 2021, the Europe's overall convertible market declined from 397,480 to 117,753, according to Dataforce.

"Even the Ford Mustang and Jaguar F-Type are struggling to reach 1,000 new registrations a year in Europe," Dataforce Senior Automotive Analyst Benjamin Kibies told Automotive News Europe. "But a sporty electric convertible would be the first of its kind and definitely attract attention for the brand."

Ed Kim, who is president of U.S.-based automotive research and consulting firm AutoPacific, agrees.

"As a six-figure electric sports car, the Polestar 6 will not be a high-volume product, but it will shine a spotlight onto the Polestar brand," AutoPacific President Ed Kim said. "With its portfolio of volume products fleshed out, it's appropriate for the brand to think about brand extension products that can inspire consumers who hadn't yet considered a Polestar to take notice."

'Overwhelming' response

Polestar decided to make the Polestar 6 because of "the overwhelming consumer and press response" for the car, Polestar CEO Thomas Ingenlath said in a release.  

To capitalize on that momentum, Polestar said it will start taking orders for the first 500 units of the hardtop convertible today. The cost to reserve a so-called "build slot" for car is $25,000, which is refundable.

 Polestar nearly matches 2021 volume with 125% first-half sales increase
Those numbered units will be part of the Polestar 6 LA Concept edition, which will carry over the sky blue exterior, light leather interior and 21-inch wheels from the Polestar O2 concept, which the automaker debuted on the rooftop of a Beverley Hills office building in March.

At that event, Polestar design boss Maximilian Missoni hinted the O2 was destined to be more than a show car.
It is "not so far away from reality," Missoni told Automotive News Europe sister publication Automotive News at the time.

The O2 sits low and wide and features short front and rear overhangs, a compact 2+2 cabin design and a long wheelbase.

Aerodynamics are maximized through disguised design features, such as integrated ducts that improve airflow over the wheels and body sides and rear lights that function as air blades to reduce turbulence behind the car.

HALO, PEBBLE BEACH
It is not a coincidence that Polestar is revealing news about its forthcoming halo car right before an appearance at the Pebble Beach Concours d’Elegance planned for this weekend in California.
In 2018, the Volvo Cars subsidiary made an appearance at the exclusive event to show off its first halo car, the Polestar 1 plug-in hybrid premium coupe.
At the time Polestar was barely a year old as a stand-alone brand.
It had no vehicles on the road and no sales outlets.
Today, Polestar is a Nasdaq-listed company that aims to have a presence in 30 countries by year-end and plans to increase sales to 290,000 by 2025 from 29,000 last year.
The Polestar 6, like the Polestar 1 in 2018, provides a glimpse into its future, the company said.

Missoni described the O2 as a "meeting point between technology and art, between precision and sculpture."
"It's an amazing piece of design, but I could drive it tomorrow," he added.

The new halo car's production confirmation also comes days ahead of the brand's attendance later this week at the Pebble Beach Concours d’Elegance, where the O2 concept will be featured. Polestar's last visit to Pebble Beach coincided with another key moment in the 5-year-old brand's history (see box, right).

It has been an eventful year for the automaker, which despite seriously supply setbacks nearly sold as many cars in the first half as it did in all of 2021.

In June, Polestar joined the Nasdaq in an $890 million deal.

In April, the company said rental car firm Hertz Global Holdings would buy up to 65,000 EVs from over five years in a deal that sources estimate is worth $3 billion.

 

(ANE)

 

 

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Geely Holding Acquires 7.60% Shareholding in Aston Martin Lagonda

2022 September 30th, Hangzhou, China. Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology group, today announced that it has acquired a shareholding in Aston Martin Lagonda Global Holdings plc (Aston Martin), representing 7.60% of the ordinary share capital of the ultra-luxury British performance brand.

Daniel Donghui Li, Geely Holding Group CEO said:

“We are delighted to announce our investment in Aston Martin and believe that with our well-established track record and technology offerings, Geely Holding can contribute to Aston Martin’s future success. We look forward to exploring potential opportunities to engage and collaborate with Aston Martin as it continues to execute its strategy to achieve long term, sustainable growth and increased profitability.”

 

 

"Qualche emiro che compra una Ferrari lo troverò sempre. Ma se il ceto medio finisce in miseria, chi mi comprerà le Panda?"

Sergio Marchionne

 

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1 ora fa, Beckervdo scrive:

Oh cavolo...ma così ne hanno controllo o no?

Non ancora credo

 

L'azionariato oltre ai cinesi dovrebbe essere così diviso

 

Mercedes il 9,7%, il fondo d'investimento della famiglia reale saudita il 16,7% e Yew Tree - il consorzio guidato dal Lawrence Stroll - con il 18,3%.

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Inviato
16 minuti fa, j scrive:

Non ancora credo

 

L'azionariato oltre ai cinesi dovrebbe essere così diviso

 

Mercedes il 9,7%, il fondo d'investimento della famiglia reale saudita il 16,7% e Yew Tree - il consorzio guidato dal Lawrence Stroll - con il 18,3%.

Eh però...sono ad un passo da Stroll.

 

Se ci metti la loro quota + quella di Mercedes, loro controllata, arriviamo a 17.3%

  • Mi Piace 1

   

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  • 1 mese fa...
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SHANGHAI -- Zhejiang Geely Holding Group's premium electric car business plans to sell the first electric vehicle produced under the Zeekr brand in Europe next year, Zeekr's CEO said.

Zeekr joins a growing list of Chinese automakers looking to launch or expand sales of electric vehicles in Europe next year, including BYD, Xpeng and Great Wall Motors.

Geely, owner of Volvo Cars and Polestar and an investor in Mercedes-Benz, launched Zeekr in 2021 as a premium brand aimed at younger customers.

Geely Automobile, the listed unit of Geely, said earlier that it plans to spin off Zeekr and float the business.

An Conghui, CEO of Zeekr and Geely president, told reporters at a roundtable on Tuesday in Wuzhen in Zhejiang province that Geely had created Zeekr with the aim of meeting standards in Europe and the United States from the outset.

An said Geely would market its 001 electric crossover in Europe next year. He did not give a sales target or discuss whether Zeekr would consider overseas production.

Geely provided a transcript of An's remarks on Wednesday.

Zeekr launched the 001 in China in late 2021. Its sales hit 39,474 units in the first nine months, while Tesla sold 219,112 Model Y crossovers in China over the same period, according to China Passenger Car Association.

The Zeekr 001 starts at the equivalent of $41,000 in China compared with $40,000 for the Tesla Model Y after a recent price cut. Zeekr has not announced pricing for overseas markets.

 

(Reuters)

 

 

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