Polestar’s announcement about being listed on the Nasdaq at a value of $20 billion isn’t the most exciting news, but the press release does have some juicy images worth talking about. The company founded in 2017 by Volvo and Geely is teasing three new EVs that are all scheduled to come out by 2024. These will help the company to reach its ambitious goal of selling around 290,000 vehicles by the middle of the decade, compared to only 10,000 units delivered in 2020.
While Polestar doesn’t reveal the identities of these three vehicles, it’s not that hard to figure out what we’re looking at. The first to hit the market will be the Polestar 3 SUV arriving in 2022 as a more upscale version of the next-generation Volvo XC90 EV. Come 2023, the Polestar 4 will be launched as a coupe-styled SUV, while the Polestar 5 due in 2024 will be a production version of the Precept concept.
It is believed the Polestar 3 will carry a starting price of approximately €75,000 and command a premium over the equivalent electric Volvo XC90. It’s getting a dual-motor, all-wheel-drive version featuring a more powerful setup than the range-topping XC90 EV. Another major difference between the two will be the absence of a third row for the Polestar, which will be slightly shorter and with a more sloped roofline.
The Polestar 4 will be cheaper in a bid to lure in more buyers and could cost somewhere in the region of €47,000. Chances are the 4 will be Polestar’s version of the Volvo C40 Recharge, meaning it will ride on the same CMA platform. In its highest specification, the C40 has an electric motor at the rear axle and another one at the front, enabling a combined output of 402 horsepower and 487 lb-ft (660 Nm) of torque.
Last but not least, the Polestar 5 will be a sleek five-door liftback being engineered as a long-range grand tourer to take on the likes of the Mercedes EQS, Tesla Model S, Porsche Taycan, and the Audi E-Tron GT. It’s being developed at the company’s R&D center in the UK at the MIRA Technology Park where Polestar will double the workforce from the current staff consisting of 250 employees.