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#polestar #polestar3 #evsuv #ev #bev #suv #electricsuv #polestarsuv Top Gear names Polestar 3 Best EV SUV Awarded Luxury Car of the Year by Chasing Cars in Australia 5-star safety rating by Euro NCAP, setting the standard for child safety Recently introduced Long range Single motor available from EUR 75,890* Polestar 3 continues to gain independent global acclaim, most recently being named Best EV SUV by BBC’s Top Gear and Luxury Car of the Year by Chasing Cars. These two awards follow the recent 5-star safety rating by Euro NCAP where the full-size SUV set new standards for child safety. With its award-winning design**, advanced EV technology, luxury features, sustainable materials, and its deep-rooted performance DNA, Polestar 3...

#polestar #volvo #arcticcircle #polestar2 #polestar3 #polestar4 #polestarcollection Polestar has created a new collection of unique ‘Arctic Circle’ cars that build onto the formula applied to the one-of-a-kind Polestar 2 Arctic Circle first shown in 2022. Now, additional Polestar 3 and Polestar 4 versions have been built to present a complete line-up of rally-inspired, one-off Arctic Circle cars that express the Swedish brand’s performance DNA. The three cars will make their public debut at the 2025 FAT Ice Race in Zell am See, Austria, on 1 February. Michael Lohscheller, Polestar CEO, says: “The Arctic Circle collection illustrates our unique performance DNA, rooted in motorsport and combined with Scandinavian design. We develop our...

#polestar #southcarolina #polestar3 #polestarsuv #suv #electriccar #electricsuv #ev #bev #volvo GOTHENBURG, SWEDEN – Polestar (Nasdaq: PSNY) announces that production of its luxury SUV, Polestar 3, has started in South Carolina, USA. This makes the Polestar 3 the first Polestar to be produced on two continents. The factory in South Carolina produces cars for customers in the US and Europe, complementing existing production in Chengdu, China. Thomas Ingenlath, Polestar’s CEO, comments: “Manufacturing Polestar 3 in the USA is a crucial step for us. Now we offer customers in America an electric SUV that is built in America. Exporting the South Carolina-produced Polestar 3 to Europe will strengthen our business on a broader scope...

#polestar #volvo #goodwood #festivalofspeed #conceptbst #bst #polestarconcept Polestar (Nasdaq: PSNY) is once again at Goodwood Festival of Speed showing its expanded model line-up with the new Polestar 3 and Polestar 4 electric SUVs joining the Polestar 2 centre stage. Star of the show is the Polestar Concept BST, making its global debut at the famous motoring festival. In the first glance paddock the Polestar 3 and Polestar 4 are joined by the Polestar 6 Concept, marking the dynamic debut for the electric roadster concept. Thomas Ingenlath, CEO of Polestar said: “Now we are a brand with three models in production, it’s great to see them here together for the first time at a global event. Goodwood Festival of Speed is full of the...

Small yet mighty: say hello to the fully electric Volvo EX30 small SUV! As a small SUV that does big Volvo things, our new fully electric Volvo EX30 is designed to be as safe as you’d expect from us. It is designed to have the smallest CO2 footprint of any Volvo car to date, and to make people’s lives safer, more convenient and more enjoyable through cutting-edge technology and Scandinavian design. Revealed to the world today in Milan, Italy and available to order now in selected markets*, the EX30 is our first small premium SUV and expands our constantly growing, all-electric offering to four models. As the market is rapidly moving towards full electrification, the EX30 will help us capture growing demand for fully electric cars in...

#polestar #nyias #germancarforum Swedish brand participates in New York International Auto Show for the first time Polestar 3 and Polestar 4 to be showcased 2024 is the year of the product offensive for Polestar. The Swedish performance electric car brand is participating in the New York International Auto Show for the first time, showcasing its luxury SUVs, the Polestar 3 and Polestar 4. Polestar 3 and Polestar 4 reinforce the brand’s position as the leading electric performance car brand. These two SUVs are the result of what Polestar and the brand’s engineers have set as their goal: combining performance and luxury in a new way, creating a new standard in the electric age. With their design, unique materials and handling...

#polestar #polestar3 #volvo #germancarforum GOTHENBURG, SWEDEN – 27 February 2024. Production of Polestar 3 has started in Chengdu, China. Additional production is slated to start in South Carolina, USA, in the middle of 2024. The first early production test series in the American factory has been completed successfully. Thomas Ingenlath, Polestar CEO says: “This stunning car takes a significant step forward with start of production marking an important milestone on our journey from a one- to three-car company this year. We have also achieved launch readiness at the factory in Ridgeville, South Carolina, and are well on track with our plans to start manufacturing Polestar 3 in the USA.” Polestar 3 will be the first Polestar to be...

Volvo Cars is streamlining and standardising its model names for fully electric cars, in line with our ongoing transformation towards becoming a fully electric car maker by 2030. The fully electric XC40 Recharge and C40 Recharge models are renamed to EX40 and EC40 respectively, now seamlessly fitting in with our other fully electric models: the EX30, EX90 and EM90. The XC40 name remains for internal combustion-powered variants of the model. The move reflects our transformation towards becoming a fully electric car manufacturer. In 2023, fully electric cars represented 16 per cent of our global sales volumes, an increase of 70 per cent versus 2022. The EX30, EX90 and EM90 will all hit roads this year and bring the number of fully...

Full Year 2023 2023 revenue was SEK 399.3 bn (SEK 330.1 bn in 2022) 2023 operating income (excl. JVs and associates) was SEK 25.6 bn (SEK 17.9 bn in 2022) 2023 operating income was SEK 19.9 bn (SEK 22.3 bn in 2022) 2023 EBIT margin (excl. JVs and associates) was 6.4 per cent (5.4 per cent in 2022) 2023 EBIT margin was 5.0 per cent (6.8 per cent in 2022) 2023 basic earnings per share was SEK 4.38 (SEK 5.23 in 2022) 2023 fully electric car sales share at 16 per cent (11 per cent in 2022) Quarter 4, 2023 Q4 revenue was 109.4 bn SEK (105.2 bn SEK in Q4 2022) Q4 operating income (excl. JVs and associates) was SEK 6.7 bn (SEK 3.9 bn in 2022) Q4 operating income was 5.4 bn SEK (3.4 bn SEK in Q4 2022) Q4 EBIT margin (excl. JVs and...

Volvo Cars sets a new global sales record as the company reports full year sales of 708,716 cars during 2023, an increase of 15 per cent compared to the full year of 2022. The all-time-high sales record is a demonstration of Volvo Cars’ strong electrified product portfolio in combination with a more stabilised supply chain. Volvo Cars also saw a significant increase in sales for its electrified cars. Last year, Volvo Cars sold 113,419 fully electric cars, an increase of 70 per cent compared to 2022, and 152,561 plug-in hybrid cars, which was a 10 per cent increase compared to 2022. Sales of fully electric cars accounted for 16 per cent of all Volvo cars sold globally during 2023. For the month of December Volvo Cars sold 76,015 cars...

Polestar (Nasdaq: PSNY) confirms the successful start of production of Polestar 4, with first deliveries to customers in China expected before the end of 2023. Official launch in all other Polestar markets is planned for early 2024, with customer deliveries in these markets expected within the same year. The first production car to roll off the assembly line is finished in Snow with the signature Swedish gold details of the Performance Pack. It is the first Polestar to be manufactured at the Hangzhou Bay factory operated by Geely Holding, which is powered by renewable electricity that carries the I-REC hydro power certificate, combined with photovoltaic electricity generated on the roof of the plant. The factory’s green credentials...

The new Volvo EX30 has been honoured with its first major awards, even before the earliest cars have reached customers. In a perfect prelude to the fully electric small SUV’s arrival in some markets later this year, it has been crowned Car of the Year by The Sun and Small SUV/Crossover of the Year in the News UK Motor Awards. Announced at a presentation ceremony in London today, the accolades highlight the qualities that make the EX30 the benchmark model in its class: a choice of pure electric powertrains, cutting-edge technology and Volvo quality, safety and design, all at an accessible price. Rob Gill, The Sun Motors Editor, said: “The EX30 is everything you expect a modern Volvo to be – safe, Scandi cool and sustainable – at a...

Development of Polestar 3 continues at pace and is nearing completion, after two weeks of extreme hot weather testing in the United Arab Emirates. With production planned to start in the first quarter of 2024, Polestar will soon have three models on the road, including the two new SUVs, Polestar 3 and Polestar 4. Following its global dynamic debut at the 2023 Goodwood Festival of Speed in England, Polestar 3 prototypes headed to the UAE in August with a development team of engineers to fine-tune the climate system in the hottest of environments. The expedition took place in the urban metropolises and deserts surrounding Dubai and Abu Dhabi in temperatures up to 50 degrees Celsius (122° F), and is one of several extreme weather tests...

Polestar has brought the winning design from the latest Polestar Design Contest to life as a 1:1 scale model, presented in Munich during IAA 2023. At the same time, Polestar is kicking off a partnership with Mattel’s Hot Wheels brand, starting with Hot Wheels providing the inspiration for the next Polestar Design Contest that references the innovative and outrageous designs from the American brand’s 55-year history, and expanding with Polestar’s production vehicles being immortalised as Hot Wheels and Matchbox collectibles in the future. The ‘Polestar Synergy’ electric fantasy supercar combines three winning designs which took the honours in the latest competition from a field of over 600 entries. Entrants responded to a brief to...

On our road towards becoming a fully electric car maker by 2030, an important focus area for our technology investments and R&D spending is e-motors, inverters and overall electric drivetrain optimisation. Only by gaining control over our electrification technology stack – a process called “vertical integration” – can we create pure electric Volvo cars that deliver on everything our customers want: longer range, faster charging and a great Volvo driving experience. The latest investment by the Volvo Cars Tech Fund, our corporate venture capital arm, reflects those ambitions. Leadrive, a Shanghai-based company founded in 2017, is an exciting new player in power electronics and control units for fully electric cars. Leadrive is...

Polestar has started deliveries of the significantly upgraded Polestar 2, supporting the company’s continued growth. Polestar 2 was the brand’s first volume car, which went into production in 2020. Within three years, over 150,000 cars have now been manufactured. In the UK, where over 20,000 Polestar 2 cars are now on the road, Polestar has been the fastest growing car brand in the first seven months of 2023, with new vehicle registrations growing by 174% compared to the same period the previous year1. Thomas Ingenlath, Polestar CEO, comments: “The upgraded Polestar 2 is the best version to date. With improved software, better quality, longer range and faster charging, it is the basis from which we continue to grow our business.”...

Polestar and Mobileye are to cooperate to make Polestar 4 the first production car to feature Mobileye’s Chauffeur autonomous driving technology – to be integrated by ECARX and with potential application in future Polestar vehicles. Mobileye produces leading advanced driver assistance system (ADAS) technology which is already fitted to over 150 million cars worldwide. Polestar 4, which goes on sale in China today and globally in 2024, lays the foundation for this technology by featuring a Mobileye SuperVision-based ADAS from the start. First deliveries in China are expected before the end of 2023. When launched in the coming years, Chauffeur is expected to offer eyes-off, point-to-point autonomous driving on highways, as well as...

Imagine a moving space where you can just be you. A place where you can connect with your loved ones, create, relax, work or just think. The Volvo EM90 is our first ever fully electric premium MPV, and is designed for you to make the most of the time spent in the car, like a Scandinavian living room on the move. The new EM90 doesn’t just allow you to travel from A to B – it creates room for your life. The Volvo EM90 will make its global debut on 12 November 2023. Pre-order will start for customers in China on the same date. Continue reading...

Polestar is back at the Goodwood Festival of Speed with some of its forthcoming models making their dynamic debut at the iconic event – including Polestar 3 and Polestar 5. In the First Glance Paddock, which is opposite the main Polestar stand, the 380 kW/517hp Polestar 3 and 650 kW/884 hp Polestar 5 prototypes are joined by the 350 kW/476 hp Polestar 2 BST edition 230. Each car will run up the hill twice per day during the festival. “We love showing our latest prototypes to the public at Goodwood. With production now starting in the first quarter of 2024, it’s time for Polestar 3 to take its first-ever run up the famous Hill. The SUV for the electric age looks fantastic and will be an exceptional car to own. The latest Polestar 5...

A subsidiary of Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), is entering into a strategic joint venture for the China market with the technology company Xingji Meizu Group (“Xingji Meizu”). The joint venture is expected to strengthen Polestar’s offer in the Chinese EV market by bringing together Polestar’s capabilities within design and performance with the software and consumer electronics hardware development expertise of Xingji Meizu. Thomas Ingenlath, Polestar CEO, says: “China is one of the fastest growing EV markets in the world. It’s also a market with very specific consumer trends, including increasing levels of integration between consumer electronics devices and vehicles. By partnering...

Polestar is releasing the P2.9 over-the-air (OTA) software update to all existing Polestar 2 vehicles. This is the fifteenth remote software upgrade for Polestar 2 since OTA updates began in 2020. It includes highly anticipated enhancements along with the introduction of the integrated YouTube app*, that will be installed by default in all newly produced cars as well. Thomas Ingenlath, Polestar CEO, comments: “We know how much our customers look forward to over-the-air upgrades and I am convinced this one will be well received, with notable new features and enhancements. YouTube is great for entertainment while charging, and our updated Range Assistant app delivers more accurate predictions and supports an improved driving style...