Auto

Polestar 7 could be brand’s first Europe-made car, CEO says

Polestar is determined to add production in Europe, but it’s going to be at least five years before that happens.

“For us, what is important is to come to Europe at some point in time. And that could be around the time we start making the Polestar 7,” CEO Thomas Ingenlath told Automotive News Europe.

Because of its asset-light model, Polestar has to negotiate with major shareholders Volvo Cars and Zhejiang Geely Holding for space at their factories.

The EV maker’s Polestar 2 is built at Volvo’s Taizhou factory in Luqiao, China, while its upcoming Polestar 3 SUV will be built at Volvo’s U.S. plant in near Charleston, South Carolina, as well as in Chengdu, China. 

The Polestar 4 coupe-styled crossover will be made at Geely’s factory in Hangzhou Bay, China, while the Polestar 5 four-door GT and the Polestar 6 full-electric roadster will be produced at a plant in Chongqing, China. That factory will be operated by Polestar and is scheduled to open in 2024, according to the Nasdaq-listed company’s third-quarter investor update.

When asked where he see Polestar best fitting within Volvo’s European network, which includes plants in Sweden, Belgium and starting in 2026, in Slovakia, Ingenlath said it wasn’t his decision.

“It’s up to Volvo to see where they will put in the cars on the platform and where they would be built,” he said.

The company has provided no details so far on the Polestar 7, but its planned arrival aligns with the company’s cadence of debuts.

The Polestar 4 will be launched next year, followed in 2024 by the Polestar 5 while the Polestar 6 is scheduled for 2026, according to the company’s plans.

The Polestar 4 will cost $60,000 to $80,000, in line with the Porsche Macan, and the Polestar 5 will start at more than $100,000, in line the Porsche Panamera.

With 650 kilowatts (872 hp) of power and a price tag of more than $200,000 (194,260 euros), the Polestar 6 will be the automaker’s most powerful and most expensive model when it arrives.

Polestar aims to sell 50,000 cars globally this year and boost that to 290,000 by 2025.

File source

Tags
Show More
Back to top button
Close