Polestar Lines Up 2 Successor: The Future of Electric Vehicles Unveiled
In a bold move signaling the next phase of electric vehicle (EV) innovation, Polestar announces plans to replace its wildly successful Polestar 2 with an all-new, groundbreaking model: the Polestar 7. This successor promises not just an upgrade but a revolutionary leap in design, performance, and technology.
Polestar 2: A Trailblazer in EV Market
Since its debut in 2020, the Polestar 2, the second production car from the Swedish brand under Geely's ownership, has made waves in the EV market. With over 150,000 units sold across 26 global markets, it's been a best-seller and recently received significant updates, including new drivetrain configurations and enhanced technical features.
The Evolution: Polestar 7 Takes the Stage
While the Polestar 2 is slated to reach the end of its lifecycle around 2027, Polestar CEO Thomas Ingenlath has confirmed that its successor won't be another Polestar 2 iteration. Instead, the Polestar 7 will take its place, marking a fresh chapter in the brand's chronological model naming strategy. This decision comes on the heels of the upcoming launch of the Polestar 6 supercar in 2026.
While details about the Polestar 7 remain under wraps, Ingenlath assures enthusiasts that it will be a game-changer. He hints at a radical reinvention, suggesting that «what type of car and how we will do it, we can discuss when it's time.»
Platform and Performance
The Polestar 7 is expected to transition from the Volvo-derived Compact Modular Architecture (CMA) to an EV-specific platform within the Geely group, likely a variation of the Sustainable Experience Architecture (SEA) that powers the Polestar 4. This larger electric crossover offers impressive specs, including up to 379 miles of range, rapid charging capabilities up to 200kW, and a 0-62mph acceleration in as little as 3.8 seconds.
Financial Stability and Future Prospects
Addressing concerns about Volvo's recent reduction in its stake in Polestar, Ingenlath emphasizes that the brand's financial situation remains robust. Polestar secured $950 million (£750m) in new external funding shortly after Volvo's announcement. With a total estimated development cost of $1.3 billion (£1.1bn) for upcoming models, Ingenlath is confident in securing the remaining $350m (£300m).
Despite challenges posed by softening EV demand and market trends, Polestar remains committed to its luxury, premium target audience. While the company has adjusted its workforce and sales forecasts, Ingenlath assures stakeholders that Polestar's ambitions remain intact and achievable.
Conclusion
As Polestar lines up the 2 successor with the revolutionary Polestar 7, the brand reaffirms its commitment to pushing the boundaries of electric vehicle design and performance. With a focus on innovation, financial stability, and a clear vision for the future, Polestar is poised to continue its success story in the ever-evolving EV market. Stay tuned for more updates on the Polestar 7 and the exciting developments ahead.