Polestar

Polestar (PSNY) recorded its first profit since going public in Q3 as the Swedish EV maker builds momentum heading into the end of 2022. Strategic cost-cutting measures and rising demand pushed Polestar into positive earnings territory as the company eyes 50,000 deliveries by year’s end while solidifying its position in the rapidly evolving global auto industry.

After months of anticipation, Polestar has pulled the entire sheet off its first-ever electric SUV, the Polestar 3. Today we have a multitude of new details surrounding the SUV to share, including estimated range, performance specs, and starting price. The Polestar 3 will also eventually be built in the US, begging the question whether some iteration of it will be able to qualify for federal tax credits.

About a month before it releases its full financial report for Q3 2022, Polestar has shared some of its global volumes to date, including deliveries. With production strains brought on by COVID-19 easing up in China where Polestar’s EVs are built, the automaker believes it can significantly bolster customer deliveries in Q4 and still reach its target volume of 50,000 units.

According to a recent revenue report, EV automaker Polestar brought in over $1 billion in revenue in the first half of 2022. That’s nearly 100% growth compared to the first half of 2021, offering further evidence that Polestar is poised to become a major contender in the EV market.

Two weeks after announcing its O² roadster concept would see scaled production as the Polestar 6, the EV automaker has announced that all 500 slots of its “LA Concept” edition are all spoken for. Even though its scheduled launch remains four years away, the appetite for the Polestar 6 is strong.

Two Swedish electric mobility companies are teaming up in the first ever battery deal between an electric car company and an electric boat maker. Polestar’s powerplants will find their way into two models of Candela’s flying electric boats, marking an industry first.

EV automaker Polestar continues to make headway toward becoming a major contender in the market. With a fiscally favorable first half of 2022 and an arsenal of novel EV models in its pipeline, the Polestar has announced its sporty O₂ roadster concept will become its latest production model, donned… wait for it… the Polestar 6.

Following a completed SPAC merger and fruitful first half of 2022, Polestar continues to ingrain itself in a growing EV market as a genuine contender. Although we won’t see the official debut of the Polestar’s next EV until October, CEO Thomas Ingenlath has shared the starting pricing of the Polestar 3. Additionally, Ingenlath shared insight on the pricing the Swedish automaker is aiming for on the Polestar 4.

Polestar is reporting a 125% increase in electric car sales during the first half of 2022. The small automaker that spun off from Volvo is becoming a quiet success in the EV space.

Months after initially announcing plans for a combined merger with Gores Guggenheim, Inc, Swedish EV automaker Polestar has successfully completed the task and has listed on the Nasdaq under ticker symbol $PSNY, beginning today.

At this year’s Goodwood Festival of Speed in England, Polestar will showcase multiple EVs, including a prototype of its upcoming Polestar 5 sports sedan. Joining it will be the original Precept concept that inspired the Polestar 5 as well as a limited-edition Polestar 2.

Ahead of its world premiere in October, Polestar has publicly shared the first non-camo’d image of its upcoming Polestar 3 SUV alongside a teaser video. When it debuts, the Polestar 3 will be the first of three bespoke models for the Swedish EV brand to arrive over the next three years. Here’s what we know so far.

Swedish EV maker Polestar and Israel-based electric vehicle battery startup StoreDot today announced that they have entered a strategic partnership.

Following news last week of a slew of new updates coming to the 2023 Polestar 2, the automaker has shared US pricing for both trims as well as their available upgrade packs. The single motor 2023 Polestar 2 will arrive at a starting MSRP of $48,400 – higher than the 2022 model but with added features.

Polestar has announced a bunch of upgrades to the Polestar 2, including two new exterior colors, new wheels, and updates to its interior. By swapping out certain materials and components for those using renewable energy, Polestar has been able to lower the carbon emissions per car while also using blockchain to trace minerals from their source to the finished EV to ensure ethical mining.

Fresh off its order of 100,000 Tesla vehicles, Hertz announces that it is growing its EV fleet with a new order of up to 65,000 electric vehicles from Polestar.

Polestar announced it has officially begun delivering its 2022 Long Range Single Motor Polestar 2 to US consumers today. This trim delivers a 270-mile EPA range, which was announced last December and joins the 2022 Dual Motor version. I got a chance to drive it for a few days and truly believe drivers will enjoy it, especially those who are newer to EVs.

Swedish EV brand Polestar has provided further evidence of its break from the DNA of parent Volvo Cars, unveiling its second concept vehicle, the Polestar O₂. This all-electric, hard-top convertible builds off the automaker’s Precept concept and further showcases what Polestar has planned for its future EVs from both a design and sustainability standpoint. Whether cinematic drones will be included or not remains uncertain, however.

Swedish EV automaker Polestar has begun sharing its initial list of potential collaborators for its Polestar 0 Project – the company’s initiative to change the way cars are made by eliminating emissions from the entire supply chain. In addition to announcing the industry suppliers on board, Polestar is extending a global call for collaboration over the next month to garner even more support.

Young EV brand Polestar will be one of several automakers joining the big game this Sunday, as its first-ever Super Bowl campaign will air during the first quarter. Unlike many other brands, Polestar is not revealing its full 30-second spot before Sunday, but it has shared a 15-second teaser that tells us more about what the ad will not feature than what it will.

Swedish EV automaker Polestar recently gave a nod to its especially cold engineering environment by developing a special version of its Polestar 2 to analyze its dynamics in the Arctic. The one-off performance-oriented Polestar 2 was tested on snow and ice to help the team develop and fine-tune future EVs from the brand… it’s also cool as hell to watch.