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Polestar 3 will cost from 75,000 euros, challenge Porsche Cayenne


Polestar’s next major model launch will be a mid-size SUV combined with Volvo’s successor to the XC90 and aim live at Porsche Cayenne.

The new model will goes by the name Polestar 3and although it won’t be revealed until October, Polestar CEO Thomas Ingenlath has provided pricing information.

Speaking at the European News Automotive Congress held last week in Prague, Czech Republic, Ingenlath said the Polestar 3 will have a starting price of 75,000 euros ($76,300) and top out at 110,000 euros.

2022 Polestar 3

2022 Polestar 3

Prices will be similar in the US, due to a parity exchange rate between the dollar and the euro, according to Automotive News (registration required).

Pre-orders for the books will open after the reveal in October. Production is slated to begin in early 2023, meaning we’ll likely see the Polestar 3 arrive as a 2023 model.

Production will be handled at Volvo’s plant in Charleston, South Carolina, where the Volvo S60 is currently built and where the XC90 successor is manufactured. Production will also be handled in China for that market.

L to R: Polestar 2, Polestar 3, Polestar 4 and Polestar 5

L to R: Polestar 2, Polestar 3, Polestar 4 and Polestar 5

The platform for the Polestar 3 and XC90 successors is said to be a version of Volvo’s SPA2 platform developed in the early days for electric vehicles but capable of supporting hybrid powertrains.

Polestar’s sales target for 2023 is 24,000 units, increasing to 67,000 units in 2024 and 77,000 units in 2025.

In addition to the Polestar 3, Polestar plans to launch a smaller crossover dubbed the Polestar 4 in 2024 and later a fast sedan dubbed the Polestar 5 in 2025. If funds allow, Ingenlath would like to see Polestar finally add a roadster to its lineup. The automaker in March launched just one such car with Outstanding O2 concept car.



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