Written by Cláudio Afonso | LinkedIn | X
Geely’s electric brand Polestar announced on Thursday that it has delivered the first units of the Polestar 3 at its headquarters in Gothenburg, Sweden.
Earlier today, the company said it will start offering a new entry level variant for the SUV with the introduction of a new Long Range Single Motor variant.
The company led by Thomas Ingenlath said that, over the next days, will deliver more units in Germany and Norway adding that additional test-drive slots have been made available across its showrooms.
With a starting price of €79,890 in Europe ($85,400), the Polestar 3 — which is manufactured both in the US and in China — gets now a Long Range Single Motor for Europe while the North American and the Australian markets will be able to access it later this year.
Earlier in the week, the company launched 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.
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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.
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.
Over the next days, it is expected that Polestar publishes the annual report for last year and the corrected reports from 2021 and 2022 after assuming mistakes in the calculations.
Written by Cláudio Afonso | LinkedIn | X
