Polestar is not going to interact in worth wars, per CEO Thomas Ingenlath. Talking with Reuters, Ingenlath acknowledged that the Swedish-based, Chinese language-backed model has a “fully completely different goal” to Tesla and desires 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 is not going to interact in worth 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 keeping with the $119.4 million it made in 2022.

Polestar at present solely sells one car, the two fastback. Facelifted for 2023, the two at present begins at $48,400 and has a spread of as much as 270 miles (EPA). Polestar’s subsequent car, the three 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 could have over 300 miles of real-world vary.

After the three, Polestar will launch a sporty SUV coupe known as (you guessed it) the 4. Though info stays restricted for now, we all know that it’s a mid-sized SUV with a beginning worth within the area of $50-60k. Slated to reach in 2024, it would sit under the full-sized 3.

A sedan based mostly on the Principle Idea can also be in improvement. It’s going to seemingly go into manufacturing because the Polestar 5 and will likely be a Porsche Taycan and Tesla Mannequin S rival.