Polestar won’t have interaction in value wars, per CEO Thomas Ingenlath. Talking with Reuters, Ingenlath acknowledged that the Swedish-based, Chinese language-backed model has a “completely different aim” to Tesla and needs to ascertain itself as a premium sportscar firm.
Whereas Tesla hopes to make 1.8 million automobiles this 12 months, Polestar has maintained its manufacturing goal of 80,000 items. And as beforehand talked about, Polestar won’t have interaction in value wars because it views itself as a premium model – not a mainstream one.
Polestar posted an working lack of $204.7 million final quarter, nonetheless that is a big enchancment on the $337.3 misplaced in the identical interval in 2021. The automaker expects its 2023 gross revenue to be roughly in step with the $119.4 million it made in 2022.
Polestar presently solely sells one car, the 2 fastback. Facelifted for 2023, the two presently begins at $48,400 and has a spread of as much as 270 miles (EPA). Polestar’s subsequent car, the 3 SUV, will go on sale later this 12 months. The three will begin at $85,300 and produce as much as 517 hp. Polestar additionally guarantees the three can have over 300 miles of real-world vary.
After the three, Polestar will launch a sporty SUV coupe referred to as (you guessed it) the 4. Though data stays restricted for now, we all know that it’s a mid-sized SUV with a beginning value within the area of $50-60k. Slated to reach in 2024, it should sit beneath the full-sized 3.
A sedan based mostly on the Principle Idea can also be in improvement. It would doubtless go into manufacturing because the Polestar 5 and can be a Porsche Taycan and Tesla Mannequin S rival.
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