Polestar, the Swedish-headquartered EV maker backed by China’s Geely Holding Group, launched its Polestar 5 four-door performance Grand Tourer on Monday.
The Polestar 5 is the brand’s fourth model, launched as the company looks to boost demand and stem its cash burn.
Shares have tumbled about 30% over the past two weeks following weaker-than-expected quarterly results.
The production model is based on the Polestar Precept concept first unveiled in 2020 and introduces the company’s first 800-volt electrical architecture and in-house developed rear motor.
Two launch versions are available.
The Polestar 5 Dual Motor produces 550 kW (812 Nm) and accelerates from 0–100 km/h in 3.9 seconds, while the Polestar 5 Performance raises output to 650 kW (884 hp) and 1,015 Nm (749 lb-ft), reaching 100 km/h in 3.2 seconds.
The maximum speed of both versions is 155 mph.
The 800-volt system enables charging rates of up to 350 kW, with a 10–80% recharge in 22 minutes on a DC charger.
Orders opened Monday in the UK and across 24 of Polestar’s 28 active markets, with deliveries to follow.
In Britain, the Polestar 5 Dual Motor Launch Edition is priced from £89,500 ($113,400), while the Performance Launch Edition starts at £104,900 ($133,000).
Pricing and availability for North America will be announced later, Polestar stated.
Polestar delivered 2,173 vehicles across 11 European markets in August, down 18.5% from July’s 2,667 units but up 70.3% from a year earlier.
In the US, where it also produces the Polestar 3 through Volvo’s South Carolina plant, Motor Intelligence estimates that the brand sold 570 vehicles. August figures increased sequentially by 5.2% but fell 19% from a year ago.
The company’s production is primarily located in China. However, Polestar is starting production of the Polestar 4 in Busan, South Korea, which is set supply the American market.
