Polestar CEO Thomas Ingenlath shares the pricing for upcoming models, Polestar 3 and 4 SUVs. It appears that both the SUVs are aimed at competing with Porsche SUVs. The CEO revealed the pricing in a could of recent interviews.
So far, since becoming a standalone brand in 2017, the automaker has launched only two models. They are, the Polestar 1 PHEV and Polestar 2 BEV. Recently a 2023 model revamp was seen for these models. As the automaker is gaining success, the EV maker is expanding alongside the EV consumer market expansion. This week it was known that the automaker has a 125% increase in the first half of 2022 sales.
Additionally, Polestar recently rung the opening bell on Wall Street to celebrate its listing on the Nasdaq under $PSNY, on the heels of a successful SPAC merger with Gores Guggenheim, Inc. What many would argue is most exciting about Polestar, however, are the EVs it has in the pipeline. This includes the Polestar 3 and 4 SUVs as well as the Polestar 5 sports sedan, based on the automaker’s Precept concept.
The first official images of the Polestar 3 went live in early June, but pricing was not shared. Thanks to a couple of recent interviews with Polestar’s CEO, however, we now have a better idea of pricing for the Polestar 3 AND the Polestar 4 – both of which are aimed to compete with Porsche SUVs.
The pricing
In a recent interview with Automotive News Europe, Polestar CEO Thomas Ingenlath divulged that the automaker intends to price its Polestar 3 SUV between €75,000 and €110,000 (~$75,500–$110,800).
The SUV will be the first Polestar model built in the United States at the automaker’s new facility in South Carolina. It will also be a crucial piece in helping Polestar reach its goal of selling 124,000 EVs globally by 2023. Based on its premium design and pricing, Polestar sees its flagship SUV as a competitor to the Porsche Cayenne, which is currently available as a combustion SUV or Hybrid. Ingenlath elaborated, “It’s an SUV, which everyone loves, but it’s also very aerodynamic and very engaging to drive. It’s not a car to drive to the kindergarten.”
In a separate interview with CAR magazine, Ingenlath offered some insight as to what consumers can expect to see in the Polestar 4, even though the sheet hasn’t even been pulled off it yet. “We have the second SUV in our pipeline. It will compete below Polestar 3’s €75,000 ($75,500) sector, it is slightly smaller. It will not compromise on the interior length, but this car is slightly more ground-hugging, a bit more of the coupe-type roofline.”
