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The Polestar 1 has a total capacity of 34 kWh [15] arranged in three battery stacks (two packs), fitted behind the rear seats and along the central tunnel. [20] This gives the Polestar 1 an all-electric range of 150 km (93 mi) on the NEDC. Polestar claimed that this was the largest electric range for any plug-in hybrid available at the time. [21]
Polestar's showroom in Oslo, Norway. In October 2017, Volvo Cars and Geely Holding announced that Polestar would become a standalone brand focusing on electric cars. [27] The brand introduced the Polestar 1 on 17 October 2017, a 2+2 coupé inspired by Volvo's Concept Coupé introduced in 2013, which includes influences from the Volvo P1800.
In October 2017, Volvo Cars and ZGH announced that Polestar, a performance and tuning brand owned by Volvo Cars, would become a standalone brand focusing on electric cars. [63] Polestar introduced its first product, the Polestar 1 coupé on 17 October 2017. The car was produced at the Polestar Production Centre in Chengdu, China. [64]
It launched the compact Polestar 2 in 2020, and it rolled out the Polestar 3 mid-size SUV and Polestar 4 compact coupe SUV in 2024. Its deliveries soared 80% in 2022 but only rose 6% in 2023.
PSNY revenue (TTM) data by YCharts; TTM = trailing 12 months. One crucial figure to monitor is Polestar's cash burn. In the past year, it earned around $2 billion, but it had a net loss of $1.4 ...
It plans to launch its next two vehicles -- the Polestar 5 GT and Polestar 6 electric roadster -- in 2025 and 2026, respectively. Polestar's deliveries surged 80% to 51,491 vehicles in 2022, but ...