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By Gabriel Vega –  February 15, 2024

Polestar Announces 2024 Design Competition With Hot Wheels

Electric vehicle manufacturer Polestar announced today that it would partner with Mattel and Hot Wheels again to host a design contest, the winner of which will have their car put into production and sold in toy stands worldwide. The rules are simple: designers are invited to take Polestar's styling DNA and create a new vehicle as radical or innovative as the participants can dream up. The only physical limitation is that Mattel has to scale down the design to produce a 1:64 scale Hot Wheels die-cast car. "According to Polestar's Interior Design Manager and Design Contest founder Juan Pablo Bernal, "I believe this year’s Hot Wheels collaboration will push the design community to work outside of their traditional comfort zones by balancing the minimalist Polestar brand essence with the extreme Hot Wheels aesthetic. But while we’re expecting some of the most extreme submissions yet, we don’t expect to be any less inspired by the quality, quantity, and diversity of entries we receive." However, participants won't be entirely on their own in sketching these creations. As the contest nears its end and the top 20 finalists are selected, designers from both Polestar and Hot Wheels will assist participants in refining their designs ahead of the final judging. The winning car will be sold globally and branded as a Hot Wheels x Polestar. Polestar and Hot Wheels will begin accepting entries from March 5 to April 16. The winner is expected to be formally announced in Q4 2024.

By Tyler Rampersaud –  November 15, 2023

Polestar 4 Begins Production Ahead Of 2024 Global Launch

Polestar 4 production starts, targeting first deliveries in China by 2023-end and global launch in early 2024. Polestar, a name synonymous with cutting-edge electric vehicles, has announced the commencement of production for its latest model, the Polestar 4. This development marks a significant milestone for the company, particularly with the anticipated first customer deliveries in China slated before the end of 2023. This advancement sets the stage for a broader launch in other Polestar markets, expected in early 2024. The Polestar 4, emerging as a highly anticipated SUV coupé, goes beyond being a simple addition to the EV market. It is a statement of innovation and environmental consciousness, manifested in its production process and design, as well as a beautiful combination of luxury and performance. The first unit, adorned in a striking Snow finish with signature Swedish gold details from the Performance Pack, has already rolled off the assembly line at the Hangzhou Bay factory. This facility, operated by Geely Holding, distinguishes itself with its commitment to sustainability. It is powered by renewable electricity, including hydro power certified by I-REC and solar energy generated on-site, exemplifying Polestar's dedication to reducing its ecological footprint. The Polestar 4's environmental credentials are further bolstered by its impressively low carbon footprint at launch, ranging between 19.4-21.4 tCO2e. This achievement is the lowest among Polestar cars, reflecting the company's ongoing efforts to minimize environmental impact. The Hangzhou Bay factory employs several innovative methods to reduce waste and emissions. These include the use of a non-chrome passivator and water-based paint to lessen water pollution and volatile organic compound emissions, respectively. Additionally, the factory utilizes dry paper box filtering in its paint shop and a concentrator wheel with a regenerative thermal oxidizer to effectively treat exhaust gases. Thomas Ingenlath, CEO of Polestar, expressed his pride in the first Polestar 4 production, emphasizing the hard work and collaboration that brought this vehicle to fruition. The Polestar 4 is not just about its impressive design and performance; it also introduces cutting-edge features like a virtual rear window with a digital rear-view mirror. This car is a testament to Polestar's innovative approach to vehicle design and manufacturing. First unveiled at the Shanghai Auto Show in April 2023, the Polestar 4 represents a significant leap in the company's product lineup. It is positioned strategically between the Polestar 2 and Polestar 3 in terms of size and price. The SUV coupé is the second in Polestar's SUV range and incorporates design elements first seen in Polestar's concept cars. Notably, it is the fastest Polestar production car to date, a feat that underscores the brand's commitment to performance and efficiency. Looking ahead, Polestar plans to expand manufacturing to Busan, South Korea, from the second half of 2025. This expansion will cater to the local market and facilitate exports to North American markets, illustrating Polestar's strategy for global reach and market penetration. With its innovative design, environmental considerations, and performance capabilities, the Polestar 4 is set to make a significant impact in the EV luxury car market, offering consumers a blend of style, sustainability, and speed that is becoming increasingly essential in today's automotive landscape. View All Exotic and Luxury Cars For Sale Image Source: Polestar

By Jordan Aquistapace –  November 10, 2023

Polestar Ignites An EV-Friendly Future With Its Inaugural...

Polestar recently showcased its ambitious EV trajectory at the first-ever Polestar Day in Los Angeles, California. This landmark event provided a platform for Polestar CEO Thomas Ingenlath to express the company's innovative strides and forthcoming electric vehicle (EV) launches. Along with the buzz of customers, investors, and media, Ingenlath revealed the manufacturers's transition from the solitary Polestar 2 to an expanded lineup including the Polestar 3 and Polestar 4 SUVs, marking a thrilling phase for the burgeoning brand. Polestar's collaboration with industry pioneers like Bcomp, Göteborg Energi, Luminar, Mobileye, and StoreDot highlights its commitment to leading-edge technology and sustainability in high-performance EVs. The event showcased the synergy of these partnerships, particularly in the announcement of the Polestar 4's integration of Mobileye Chauffeur autonomous driving and StoreDot's extreme fast-charging capabilities, set for a full-scale demonstration in a Polestar 5 prototype by 2024. The display of Polestar's complete future range, including the much-anticipated Polestar 3, 4, and 5, the Polestar Precept, the Polestar Electric Roadster Concept, and the Polestar Synergy, captured its vision for a complete electric lineup. Visitors had the exclusive opportunity to test drive the latest MY24 Polestar 2 and experience rides in the Polestar 3 and 4 development prototypes. In addition, Polestar is pioneering a Virtual Power Plant pilot project to explore vehicle-to-grid technology with the Polestar 3 and announced the expansion of its manufacturing with Polestar 4 production in South Korea by 2025. View All Luxury Cars For Sale Source: Polestar

By Tyler Rampersaud –  November 09, 2023

Polestar Reveals New Strengthened Business Plan For Futur...

Polestar refines its business strategy, focusing on margins to achieve cash flow break-even by 2025, backed by Geely and Volvo's $1.3 billion funding. Polestar, the avant-garde Swedish electric performance car brand, has today put forth an invigorated business blueprint aimed at hastening margin enhancement and slashing the company's overall funding needs to reach a cash flow break-even point by 2025. This decisive strategic pivot emerges amid the rapidly evolving automotive landscape, marking a significant milestone for Polestar, which is listed under Nasdaq as PSNY. The freshly fortified business plan deviates from the conventional pursuit of volume, instead prioritizing margin progression. By the fiscal year 2025, Polestar envisions attaining a gross margin in the high teens while maintaining an annual production volume of approximately 155,000 to 165,000 vehicles. This ambitious target is anticipated to stem from a more opulent product assortment featuring four distinctive electric vehicle models, streamlined cost structures, and a recalibrated focus on key markets. Notably, a new joint venture in China and strategic enhancements aimed at bolstering profitability in the U.S. market are at the forefront of this initiative. The company's earlier announcements regarding workforce optimization and ongoing vigorous cost management endeavors underscore its commitment to this recalibrated strategy. Polestar's CEO, Thomas Ingenlath, asserts that the company's recalibrated business strategy signifies a commitment to resilience and profitability. Ingenlath states, "By re-engineering our business plan, we are not only trimming costs and enhancing efficiency but also fortifying Polestar's financial footing while simultaneously decreasing our funding requirements." The CEO highlighted the significance of attaining cash flow break-even by 2025, which will prove the robustness of their asset-light business model. Ingenlath's vision for the brand's future hinges on a 'margin over volume' approach, bolstered by an alluring portfolio of four exclusive performance cars. Demonstrating unwavering support, Geely Holding and Volvo Cars have infused additional liquidity into Polestar. Volvo Cars has notably extended the maturity of its existing shareholder term loan by over three years to June 2027 and has augmented its loan capacity by $200 million, cumulatively committing $1 billion. Parallelly, Geely Sweden Automotive Investment AB, a Geely Holding affiliate, has pledged a $250 million term loan mirroring the terms provided by Volvo Cars, including the June 2027 maturity. Given the strengthened business plan and the combined financial and liquidity support from its major shareholders, Polestar's projected external funding requirement stands at approximately $1.3 billion until it reaches the cash flow break-even threshold set for 2025. In collaboration with its primary shareholders, Polestar is actively formulating a comprehensive financing strategy to secure the remaining necessary funds, which includes prospects for additional debt and equity. This strategic move signals Polestar's determination to navigate the electric vehicle market with an innovative approach, signaling a new era of financial prudence and operational agility in the high-stakes realm of luxury electric automobiles. View All Exotic Cars For Sale

By Tyler Rampersaud –  November 06, 2023

Why The Polestar 5 Grand Touring EV Will Use SK On Batter...

Polestar’s latest agreement is fully charged with excitement. Polestar, while being one of the newest manufacturer to the automotive world, has already proven itself to be one of the most innovative and excellent when it comes to its rapidly expanding lineup of luxury performance electric vehicles. Coming next year is the highly anticipated Polestar 5, which is the brand’s four-door grand tourer, poised to deliver an irresistible combination of luxury and performance. However, one of the most important considerations for any electric car is the battery, and Polestar has announced that an agreement with SK On has been signed to supply the upcoming Polestar 5’s battery modules. This comes after an initial memorandum of understanding has been created between Polestar and the South Korean battery manufacturer, whose high-nickel battery cells feature superior chemistry, fast charging, efficient performance, and high driving range. The Polestar 5 is the production version of Polestar’s Precept concept car, and production of the new grand touring model is set to begin in 2025, with the reveal of the production model to take place soon. After the Polestar 5, the Polestar 6, a roadster model, is poised to come after. Focused on combining futuristic design, electric technology, environmental sustainability, and of course high performance, SK On is ready to power the undoubtedly hair-raising Polestar 5 electric performance car when it hits the road in 2025. View All Exotic Cars For Sale Image Source: Polestar

By Tyler Rampersaud –  October 06, 2023

Polestar Deliveries Increase 50% In Q3 2023

The new brand is optimistic about its future in the world of luxury EVs. Polestar, the Swedish electric performance car brand, is riding high on the wave of its growing popularity, reporting a remarkable 50% surge in global deliveries for the third quarter of 2023. The renowned car manufacturer is making significant inroads in the electric vehicle (EV) market, signifying the growing affinity of customers towards green mobility. The stats speak volumes. Approximately 13,900 vehicles rolled off Polestar's production lines and onto the roads in Q3 alone. When comparing this impressive number with the previous year, the growth trajectory is unmistakable. One of the primary drivers behind this booming growth? The pricier, enhanced Polestar 2. This specific model has not only been a hit among EV enthusiasts but has also injected a robustness into the company's profit margins. While these Q3 numbers are staggering in themselves, the year-to-date figures solidify Polestar's dominance. A total of about 41,700 vehicles have been delivered in the first nine months, marking a 37% growth year-on-year. And this growth story isn't just about to end. With the highly-anticipated Polestar 4 deliveries set to kick off in China in the upcoming quarter, the company's outlook remains bullish. In fact, by the end of 2023, Polestar's projections land in the ballpark of a possible 60,000 to 70,000 vehicle deliveries. Thomas Ingenlath, the driving force behind Polestar as its CEO, expressed his elation at the company's performance. "We have delivered a strong quarter and expect higher margins for the rest of the year," he stated. Emphasizing the brand's focus on quality over sheer numbers, Ingenlath noted the company's continued priority of "value over volume." The company's future, according to the CEO, looks incredibly promising with a lineup that includes "three distinctive cars, including two luxury SUVs," each crafted to cater to the exclusive luxury EV market segment. In his words, it marks an "exciting new period" for Polestar. If the current trends are any indication, Polestar is all set to electrify the luxury car market in the coming years. View All Polestars For Sale

By Gabriel Vega –  February 02, 2023

Polestar 3 Now Available With LiDAR, Polestar 5 To Follow...

The Polestar 3, the brand's first electric SUV and arguably its most important model to date, is now available to order with LiDAR. The Swedish carmaker developed the system in collaboration with Luminar Technologies and plans to include it in various upcoming models.  Polestar The first of these is the aforementioned Polestar 3, which is currently available for pre-order. Non-LiDAR-equipped models are expected to arrive towards the tail end of 2023, while those with the system won't land until late 2024. According to Polestar, including the LiDAR system will only increase its ability to work with safety and autonomous driving features.  The Polestar 3 starts at $83,900 for the Long Range Dual Motor model, while a Performance Pack variant comes in at $89,900. The new Pilot Pack with LiDAR option costs an additional $5,000 and adds a subtle bump just behind the windshield so its forward-facing sensors can 3D map the road ahead.  Polestar According to the Swedish carmaker, its Polestar 5 four-door GT will be the second model to receive the technology. While it's expected to debut sometime in 2024, it wouldn't be a stretch to expect such a significant system to make its way into other future models like the stunning Polestar O₂ concept that will eventually become the Polestar 6. View all current Polestar models for sale on duPont REGISTRY by clicking on the link below. View All Polestar For Sale Source: Polestar

By Tyler Rampersaud –  January 24, 2023

Why The New 2024 Polestar 2 Is Better Than Ever

Polestar’s all-electric hero is ready for a refresh. Polestar introduced its all-electric offerings with the Polestar 2, as the Polestar 1 was a plug-in hybrid, and since then, the Polestar 2 has served as the first example of the young brand’s ability to deliver luxury and quality driving in the electric vehicle space. However, Polestar has seen room for improvement in the car, and has announced a whole host of revisions for the model year 2024 version of the car, making it drive better, look better, and protect its occupants better. MUST READ: Polestar Showcases New Google HD Maps And Remote Actions During CES 2023 Rather than a simple cosmetic facelift, the features are the main focus of improvement. Single-motor models now have rear-wheel drive while all models have rear bias and new electric motors, and the new Performance Pack includes 20-inch wheels that reflect the sportiness of the brand that has been heralded by the introduction of the new Polestar 3, the brand’s first SUV. Also credited to the introduction of the Polestar 3, the new front end of the Polestar 2 now includes the brand’s Smart Zone, including a front-facing camera and mid-range radar for safety. Upgraded batteries mean better range and performance throughout the entire lineup, and with all of those new features for 2024, the Polestar 2 is ready to continue being a vehicle that defines the future. View All Polestar 2s For Sale Source: Polestar

By Gabriel Vega –  January 05, 2023

Polestar Showcases New Google HD Maps And Remote Actions ...

In collaboration with Google, Swedish electric vehicle manufacturer Polestar has announced two significant new tech features for its Polestar 2 sedan and upcoming Polestar 3 SUV. Both of these vehicles run Google's Android Automotive OS. By utilizing what started in life as smartphone-based software, these cars can more seamlessly blend their UI, entertainment features, and safety systems.  To capitalize on this level of integration, Polestar and Google unveiled HD maps. As its name implies, these are more detailed maps available to the car's various safety and driver assist features. According to Polestar, these maps will "combine its vehicle sensor technology and Google's precise lane-level and localization data to facilitate driver assistance features like Pilot Assist, as well as future autonomous driving functionality." These new maps and their subsequent advantages will debut on the Polestar 3, with deliveries slated to begin toward the fourth quarter of this year. The brand's first SUV has a starting price of $83,900.  Aside from the maps, Goole and Polestar announced that its current Polestar 2 and upcoming vehicles will now offer Google Assistant connectivity. This will allow owners to check vehicle status and access features such as climate preconditioning and door unlocking from their virtual assistant. Google Assistant is available for both smart home and smartphone devices. Source: Polestar

By Tyler Rampersaud –  October 12, 2022

The New Polestar 3 Is Revealed As A Sustainable Electric ...

With this reveal, Polestar forms a trilogy. In its youth, the Swedish electric auto manufacturer Polestar has already begun to make waves with its Polestar 1 grand tourer and Polestar 2 model. Now, the brand is trying its hand at a market that is fiercely competitive with the Polestar 3, which is the brand’s first SUV. Luxury SUVs are an incredibly popular segment, and with the novelty of electric power, the Polestar 3 will undoubtedly be an important part of Polestar’s lineup. The new model’s design is inspired by the Polestar Precept concept, and it’s a 5-seater SUV with high levels of performance, luxury, and modern style. MUST READ: Shop Porsche’s Newly Updated 2022 eBike Collection, Inspired By The Electric Taycan With its electric powertrain, the new Polestar 3 is capable of 517 horsepower and 671 lb/ft of torque with the optional performance pack equipped. Along with performance, it combines luxury with a sustainable philosophy, making use of leather that’s animal welfare-certified and wools that are fully traceable. Safety is also a priority in the Polestar 3, using an NVIDIA DRIVE core computer to run advanced driver assistance systems, and a total of 5 radar modules, 5 external cameras, and 12 ultrasonic sensors for various safety features. In addition, LiDAR will be available from the second quarter of 2023, with orders for the model in initial launch markets opening on October 12. The first deliveries of Polestar 3 vehicles are set to begin towards the end of 2023, with a take on the luxury SUV that is both engaging and safe for the environment and its occupants alike. View All Polestars For Sale Source: Polestar

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