Polestar, the Swedish electric vehicle brand owned by China’s Geely, has announced plans to release four new electric models over the next three years. These models include a new SUV, a revised version of the Polestar 2 sedan, a grand tourer named Polestar 5, and a compact premium SUV named Polestar 7.
Despite reporting strong sales growth in 2025, with full-year sales reaching approximately 60,119 cars, Polestar also faced a significant net loss of $1.558 billion for the same period. To address this, Geely has provided support to Polestar through equity investments and loan guarantees.
The Polestar 5, considered the brand’s flagship car, offers impressive specifications, including 460 miles of range, 884 horsepower, and a 0-60 mph time of 3.1 seconds for the Performance trim. With an expected price tag of over $120,000, the Polestar 5 aims to set new standards in performance and luxury for the grand-tourer segment.
Polestar’s strategic move to introduce these new models reflects its commitment to expanding its electric vehicle lineup and attracting a broader range of customers. This initiative underscores the growing competition and advancement within the electric vehicle market.
Source: The Verge