Written by Cláudio Afonso | LinkedIn | X
Electric vehicle maker Polestar launched on Tuesday the refreshed Polestar 2, featuring design updates, a revamped pack structure, increased range, and more individual options. Since the launch of the first iteration, the company has delivered more than 160,000 units across the 27 markets.
The new model is now arriving in Europe and Canada, with other markets set to follow later this year, according to the brand under China’s Geely Holding Group.
From 2025 onwards, the Polestar 2’s pack structure will be aligned with its peers Polestar 3 and Polestar 4, offering more single options for a broader personalization as the company fights weaker-than-expected demand.
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All versions of the Polestar 2 now offer an improved range, with the Long range Single Motor version achieving up to 659 km (WLTP), according to Polestar.
In Europe, the Standard range Single Motor variant receives an upgraded 70 kWh battery from the battery giant CATL, resulting in an increased range up to 554 km (WLTP).
The new Polestar 2 introduces two new exterior color options and a new 19-inch Aero alloy wheel with aero inserts and a new 20-inch Pro graphite alloy wheel, which is available with the Pro Pack.
Over the next days, the company is expected to publish its fourth quarter 2023 financial results and also the ones from the first quarter of this year aiming to avoid another deadline missing.
Year-to-date, Polestar’s stock has plunged 68.88 percent, with a 52-week loss of nearly 81 percent based on Monday’s closing price.
Shares of electric vehicle (EV) maker Polestar surged 31 percent last week following the announcement of a new business model and expansion into seven new global markets. However, the gains were short-lived as the stock tumbled to a new all-time low of $0.66 per share on Friday.
On the last day of May, the company announced plans to file its Annual Report for 2023 on Form 20-F and release its preliminary unaudited financial and operational results for the first quarter of 2024 by the end of June.
Earlier, on May 1, Polestar disclosed its inability to file the 2023 Annual Report, which was originally scheduled for publication on February 29 before being postponed to April 30.
Written by Cláudio Afonso | LinkedIn | X
