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Why Is Polestar Stock Soaring Wednesday? - Polestar Automotive (NASDAQ:PSNY)
- 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.
54 Articles
54 Articles
In an environment challenging for e-mobility, the Swedish car manufacturer Polestar is now fleeing ahead: Head of the brand Michael Lohscheller gives insights into the product strategy of the next three years, which includes four new models. Already in the summer of this year, the already available Polestar 5 comes on the market, a 5.09 meter long and 250 km/h faster top-class Gran Turismo, with which Polestar targets Porsche Taycan and Panamera…
Polestar aims to shake off EV doldrums with 4 new models in 3 years
Polestar says it will release four new electric models over the next three years, including a new SUV and a revamped version of its Polestar 2 sedan. The Swedish automaker, which is owned by China's Geely, said it will start delivering its Polestar 5 grand tourer to customers this summer, followed by a new long-roof variant of its Polestar 4 in the fourth quarter. In early 2027, a "new successor" to the Polestar 2 will go into production. And in…
Three years, four debuts: the brand points to premium high value EV segments and strengthens the retail network, while it indicates for 2026 a growth in volumes double-digit low-digit
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