Polestar delivers first customer Polestar 3 electric SUVs

GOTHENBURG, SWEDEN – 27 June 2024. Polestar (NASDAQ: PSNY) has made its first customer deliveries of Polestar 3. The SUV for the electric age plays an important role in the Company’s development, as Polestar now has three models on the roads, including two SUVs.

 

The initial vehicles are being handed over to customers across two continents in the coming days, with deliveries set to accelerate throughout the summer. With significant acclaim from global automotive media, customer interest for Polestar 3 remains high, resulting in the initial batch of customer test drives being over-subscribed. Additional test-drive slots have now been made available during the summer months, across Polestar’s Spaces. ​

Thomas Ingenlath, CEO of Polestar said: “This is an important milestone - first deliveries of Polestar 3 to our customers. Test drives have started at all Polestar Spaces in Europe. Thousands of hand-raisers are invited to experience our great, luxurious performance SUV. Polestar is becoming a global player with the most attractive electric product range.”

Customers across the world are about to experience the same in local handover ceremonies. More customer deliveries will take place in Germany and Norway tomorrow while in the USA, where additional Polestar 3 manufacturing will start during the summer, the North American Polestar team is handing over the first customer Polestar 3sin California, Illinois, Indiana and New York. A mix of Long range Dual motor and Long range Dual motor with Performance Pack models, these Launch Edition cars are finished in a mixture of Snow, Thunder and Magnesium.

Kristian Elvefors, Global Head of Commercial at Polestar said “We always knew the Polestar 3 was going to be popular, but even we were blown away by the global media’s reviews and the response to opening up test drive bookings. It’s testament to the excitement in the market for this car and customer interest to get behind the wheel of our flagship electric SUV.”

Test drives of the Polestar 3 can be booked from your local Polestar Space by clicking the following https://www.polestar.com/test-drive/booking/ps3

Ends.

Evi Boits

Communications Manager, oona agency

 

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About Polestar

Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 28 markets globally across North America, Europe and Asia Pacific.

Polestar has four models in its line-up: Polestar 2, Polestar 3, Polestar 4, and Polestar 5. Planned models include the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe.

Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar’s comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion.

Forward-Looking Statements

This press release contains statements that are not historical facts, but rather forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Polestar or its management believes or anticipates may occur in the future. All forward-looking statements are based upon, as applicable, our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including those risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission by Polestar. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.