Polestar shares first image of Polestar 3 electric SUV ahead of October debut – FutureCar.com

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author: FutureCar Staff

The first image of the Polestar 3 electric SUV.

Electric performance carmaker Polestar has announced that the world premiere of its next electric vehicle, the Polestar 3 performance electric SUV, will take place in October 2022. Although details of the upcoming Polestar 3 were shared at an event media in New York in December 2021, The company released the first undisguised preview of the electric SUV on Tuesday.

The Polestar 3 is the company’s first SUV after the launch of the Polestar 2 fastback. The company will enter one of the largest vehicle segments in the United States, as crossovers and compact SUVs remain very popular with consumers.

The premium SUV market is one of the fastest growing segments of the U.S. auto industry and is expected to be one of the fastest to adopt fully electric vehicles, according to Polestar.

The launch of the Polestar 3 next year means segment leader Tesla will face more competition in the premium EV segment. The Polestar 3 will be a direct competitor to the Tesla Model Y, as well as Ford’s Mustang Mach E.

At launch, the Polestar 3 will be offered with a dual-motor, all-wheel-drive powertrain and large battery with a target range of 372 miles. Customers will be able to order the Polestar 3 in the first launch markets from the day of the world premiere.

“This is a major milestone for our business, accelerating our growth trajectory and taking us into our next phase,” said Polestar CEO Thomas Ingenlath.

The Polestar 3 will also be the first Polestar vehicle built in the United States., slated for production in early 2023 at Volvo’s Charleston, South Carolina plant. All Polestar 3 vehicles built in South Carolina will be sold in the United States, the company said.

The electric SUV will also be built in China for the local market.

The Polestar 2 fastback has been recognized as the first vehicle in the world to feature Google’s new Android Automotive operating system integrated into the vehicle’s infotainment system. It allows drivers and passengers to access popular Google services such as Maps, YouTube Music, Gmail and Assistant without having to sync a smartphone.

The Polestar 3 will also feature connectivity features based on Android Automotive OS, as well as high-end safety-focused self-driving features, the company said. It will offer autonomous highway driving powered by a centralized NVIDIA DRIVE processor with integrated LiDAR from Polestar partner Luminar. It will be one of the first electric vehicles in the world to be fitted with lidar during production to support autonomous driving functions.

The Polestar 3 will be a software-based vehicle capable of receiving regular over-the-air software updates.

Polestar is the new autonomous electric vehicle brand jointly operated by Sweden’s Volvo Cars with backing from its parent company, Chinese automaker Geely Holding. The company was founded in 2017 as a new electric performance brand to compete with Tesla and other electric vehicle startups such as Chinese XPeng and NIO Inc.

“Polestar 3 is the SUV of the electric age. Our design identity is evolving with this large, premium luxury electric vehicle, with a strong and individual brand character,” Ingenlath said. “With this car, we are bringing ‘sport’ back to the SUV, staying true to our performance roots.”

Polestar plans to launch a new vehicle every year for the next three years, starting with the Polestar 3, and aims to grow its presence in at least 30 global markets by the end of 2023.

The new SUV supports Polestar’s plans to increase its electric vehicle sales tenfold, from around 29,000 electric vehicles in 2021 to around 290,000 by the end of 2025.

In 2024, the Polestar 5 electric performance 4-door sedan is expected to launch as a production version of the Polestar Precept concept. The electric sedan showcases Polestar’s future vision in terms of design, technology and sustainability.

In April, car rental company Hertz announced that it would buy up to 65,000 vehicles from Polestar over the next five years. Availability of Polestar vehicles is expected to begin this spring in Europe and late 2022 in North America and Australia.

Polestar is also aiming to launch a U.S. IPO this year. raise capital on Wall Street. The automaker intends to list on Nasdaq in a proposed business combination with Gores Guggenheim, Inc., which is expected to close in the second half of 2022.

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