Starting with Polestar 3, the company aims to produce a new vehicle every year with a goal to grow production 10-fold by the end of 2025.  -  Photo: Polestar

Starting with Polestar 3, the company aims to produce a new vehicle every year with a goal to grow production 10-fold by the end of 2025.

Photo: Polestar

Swedish electric car manufacturer Polestar announced June 8 that the premiere of its first SUV, the Polestar 3 electric performance SUV, will be in October 2022. 

At launch, Polestar 3 will feature a dual-motor drivetrain and a large battery, with a range target of about 600 km (WLTP) or about 373 miles. Polestar 3 will, over time, offer autonomous highway piloting powered by the LiDAR sensor from Luminar and centralized NVIDIA computing power, according to the automaker. 

The confirmation of the premiere comes with a new film and a 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 U.S. and China.

“Polestar 3 is the SUV for the electric age," said Thomas Ingenlath, Polestar CEO in the statement. "Our design identity evolves with this high-end large luxury EV, with a strong, individual brand character. 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," Ingenlath added.

According to the statement, Polestar plans to launch a new car every year for the next three years, starting with Polestar 3. The company aims to increase its presence to about 30 global markets by the end of 2023. 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.

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