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Polestar Teases Upcoming 3, 4, And 5 Models Before IPO

Polestar has confirmed it is working on three all-new electric vehicles dubbed the 3, 4, and 5 as it is getting ready for an initial public offering.

All three EVs will be unveiled by 2024. The first will be the Polestar 3, an electric SUV similar in size to the Porsche Cayenne that will launch next year. In 2023, it will be followed by the Polestar 4 that’s pictured in the center of a teaser released by the Swedish automaker and will be similar in size to the Porsche Macan.

Following these two models to the market will be the Polestar 5, scheduled to be unveiled in 2024 before hitting the roads in 2025. It will be a low-slung saloon similar in shape and size to the Tesla Model S and Porsche Taycan and its design will be inspired by the Precept concept.

Read More: The 2023 Polestar 3 SUV Based On The Next Volvo XC90 Will Get A “Unique” Powerful Powertrain

“This is a really exciting time for Polestar,” chief executive Thomas Ingenlath said in a statement. “With two award-winning cars on the road today in 14 active markets across three continents, we seek to expand to 30 markets by 2023. We are thrilled about the targeted addition of three new premium electric cars to our line-up by 2024, starting with our first SUV expected in 2022.”

Polestar has previously confirmed that the 3 will be built in the U.S. at Volvo’s South Carolina plant and marketed towards American buyers. It will act as a rival to the likes of the Tesla Model X, Audi e-tron and Jaguar I-Pace.

Polestar is going public by merging with special purpose acquisition company (SPAC) Gores Guggenheim and is seeking a $20 billion valuation. The combined company will be held by a new public company that will be named Polestar Automotive Holding UK Limited and is expected to be listed on Nasdaq under the ticker symbol “PSNY”.

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Single Motor Polestar 2 Coming To The U.S. From $47,200

The single motor version of the 2022 Polestar 2 is heading to the United States from $47,200 including a $1,300 destination charge.

Like the dual-motor version of the Polestar 2, the single-motor variant has a 78 kWh lithium-ion battery pack but rather than producing 408 hp and 487 lb-ft (660 Nm), it is capped at 231 hp and 248 lb-ft (336 Nm). It also has an EPA-estimated maximum driving range of 265 miles (426 km), which is better than the 249-mile (400 km) range of the dual-motor version.

Read More: Polestar 2 Single-Motor Variant Announced With 260-Mile Range

When federal, state, and utility incentives are factored in, the entry-level Polestar 2 can be purchased for as little as $34,900 plus the $1,300 destination charge.

The single-motor Polestar 2 will be offered with three option packages. The first is the $3,000 Pilot Pack which adds a host of electronic driving aids. Also on offer is the $4,000 Plus Pack that includes a heat pump that can increase the range by up to 10 per cent in ideal conditions and uses thermal energy emitted by the drivetrain to heat the cabin; it also adds a full-length panoramic sunroof and a Harman-Kardon sound system.

Last but not least is the $5,000 Performance Pack that brings with it an adjustable Ohlins suspension, Brembo brakes, Continental tires, and gold exterior accents. A handful of other standalone options are available, such as leather upholstery for $4,000, 20-inch wheels for $1,200, and a tow bar for $1,200.

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