Polestar has decided to add production in Europe, but it will be at least five years before that happens.
“The big thing for us is to come to Europe at some point, maybe when we start building the Polestar 7,” said CEO Thomas Ingenlath. car news europe.
Polestar, being an asset-light model, will have to negotiate factory space with major shareholders Volvo Cars and Zhejiang Geely Holdings.
The EV maker’s Polestar 2 will be built at Volvo’s Taizhou plant in Luqiao, China, while the upcoming Polestar 3 SUV will be built at Volvo’s U.S. plant near Charleston, South Carolina, and in Chengdu, China. is.
The Polestar 4 Coupe-style crossover will be built at Geely’s plant in Hangzhou Bay, China, while the Polestar 5 4-door GT and Polestar 6 fully electric roadster will be produced at its plant in Chongqing, China. The factory will be operated by his Polestar and is expected to open in 2024, according to the Nasdaq-listed company’s third-quarter investor update.
When asked where he thinks Polestar would be best suited within Volvo’s European network, which includes plants in Sweden, Belgium and, starting in 2026, Slovakia, Ingenrath said it was not his decision. .
“It’s up to Volvo where we put the car on the platform and where it’s built,” he said.
The company hasn’t revealed details of the Polestar 7 so far, but the expected arrival is in line with the company’s debut cadence.
The company plans to launch the Polestar 4 next year, the Polestar 5 in 2024, and the Polestar 6 in 2026.
The Polestar 4 will be priced from $60,000 to $80,000 to match the Porsche Macan, while the Polestar 5 will start at $100,000 and up to match the Porsche Panamera.
With an output of 650 kW (872 hp) and a price tag of over $200,000 (194,260 euros), the Polestar 6 will be the automaker’s most powerful and most expensive model.
Polestar aims to sell 50,000 vehicles globally this year and increase that to 290,000 by 2025.