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Why Is Polestar Stock Soaring Wednesday? - Polestar Automotive (NASDAQ:PSNY)
Polestar aims to grow global sales by low double digits with four new EV models by 2028, including a versatile Polestar 4 variant blending estate space with SUV practicality.
- On Wednesday, Polestar announced its 'largest model offensive in its history,' unveiling 4 new models over 3 years, including Polestar 2, 4, 5, and 7.
- Polestar intends to grow sales and expand retail, noting that following the Polestar 5 grand tourer, due in Australia in 2026, it plans European deliveries of a Polestar 4 variant in late 2026.
- Spy images published on Weibo reveal the Polestar 4 variant combines estate space and SUV versatility with a rear window, upright tailgate, and retains key styling cues from the existing Polestar 4 coupe-style SUV.
- European rollout will include the Polestar 4 variant in Q4 2026, and Polestar 5 deliveries start this summer, followed by Polestar 2 in 2027 and Polestar 7 in 2028 from a Volvo Cars factory in Slovakia.
- Despite the expansion, Polestar faces internal competition from Zeekr and rivals Tesla and Porsche, with mixed sales as Polestar 2 slumped 48.9 per cent while Australia rose 38.5 per cent last year.
Insights by Ground AI
16 Articles
16 Articles
Major car brand prepares to launch four new electric vehicles after 'best sales year ever'
One of the most popular premium electric car brands in the world has confirmed the largest model offensive in its history as it prepares to launch four new models in the next three years
·London, United Kingdom
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 28%
R 43%
Factuality
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