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U.S.-built Polestar 3 2023 launches October 12 with up to 510 hp

Polestar on Wednesday provided a fresh look at its Polestar 3, which is confirmed to launch on October 12 in Copenhagen, Denmark.

The Polestar 3 is a mid-size electric SUV paired with Volvo’s upcoming electric-vehicle successor to the XC90, recently confirmed called EX90, and scheduled for a November 9 launch. Both are built at Volvo’s plant in Charleston, South Carolina, where the Volvo S60 is currently being built. Production will also be handled in China for that market.

Production is expected to begin as early as 2023, which means we’ll likely see the cars arrive as 2023 models. Their platform is a version of Volvo’s new SPA2 platform was originally developed for electric vehicles but is capable of supporting hybrid powertrains.

2023 Polestar 3

2023 Polestar 3

The two SUVs will have distinct styling, with the Polestar 3’s design clearly influenced by Polestar’s Recent Precept Concepts (shown in the video) while the successor to the XC90 will closely resemble Volvo Recharge Concept. Volvo is also expected to have a flatter roof compared to the Polestar 3’s curved roof.

Both cars will offer a dual all-wheel drive system and enough battery capacity for more than 300 miles, however, Polestar will further differentiates it from its Volvo sibling by placing a greater emphasis on performance. In a 2021 interview with Advocacy agencyPolestar Americas boss Gregor Hembrough said Polestar’s target is Porsche.

The Polestar 3’s powertrain will feature rear polarity, as well as a dual-clutch system on the rear axle to split torque between the wheels. Polestar says the available Performance Package will give the Polestar 3 510 hp and 671 lb-ft of torque.

Teaser for Polestar 3 coming in 2022

Teaser for Polestar 3 coming in 2022

There will also be chassis upgrades over the Volvo. In addition to the torque split on the rear axle, the Polestar 3 will feature an air suspension and adaptive dampers with unique Polestar tuning. The suspension will adjust itself to the conditions every two milliseconds.

The Polestar 3 will also come with an integrated hood that will support the vehicle’s various electronic driver assistance features, including finally a Self-driving systems planned for highways. Nvidia will come from Luminar, while an Nvidia computer will be used to process its data.

Valuation will starting around 75,000 euros (about $71,560) and output about 110,000 euros ($105,960), Polestar CEO Thomas Ingenlath said in July.

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

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

Polestar 3 is expected to target the Porsche Cayenne in particular, while following Polestar 4 and Polestar 5 the model will target Electric Macan coming soon and Taycan, according to a 2021 presentation outlining the upcoming lineup. The Polestar name derives from an independent racing team and tuning company, which was later acquired by Volvo.

With its new models, Polestar wants to increase its sales tenfold from around 29,000 units in 2021 to 290,000 units by the end of 2025.

To help achieve its goal, Polestar is also rapidly expanding its sales network. The company has just entered the 25th market, up from just 10 in 2020 and will increase this number to 30 by the end of 2023.

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