Polestar showcases innovation at inaugural Polestar Day

GOTHENBURG, SWEDEN – 9 November 2023. Polestar showcased innovation and a strong path forward at its inaugural Polestar Day. Held in Los Angeles, California, the event gathered key executives and innovations in front of an audience of customers, investors and press.

Thomas Ingenlath, Polestar CEO, says: “Polestar Day provides substantial insight into our products and the innovations we are working on together with global leaders in various fields to bring the best electric performance cars to market. We are progressing from having one car on the roads – Polestar 2 – to having three, with the ongoing launches of our two SUVs, Polestar 3 and Polestar 4. The coming months will be some of the most exciting our young company has ever seen.”

Polestar was joined at the event by executives from strategic partners including Bcomp, Göteborg Energi, Luminar, Mobileye and StoreDot.

 

Polestar’s full range of future models was exhibited together for the first time, including Polestar 3, Polestar 4, Polestar 5, Polestar Precept, the Polestar Electric Roadster Concept and Polestar Synergy. Guests were able to test drive the latest MY24 Polestar 2, as well as ride in Polestar 3 and Polestar 4 development prototypes with Polestar engineers and experts.

 

A series of announcement have been made:

  1. Polestar is initiating a pilot project and launching a Virtual Power Plant for vehicle-to-grid technologydevelopment with Polestar 3. Read here
  2. Polestar is expanding its manufacturing footprint with Polestar 4 production to begin in South Korea in 2025. Read here.
  3. Mobileye and Luminar are joining forces to bring LiDAR to Polestar 4 to enable Mobileye Chauffeur autonomous driving functionality in the future. Read here.
  4. Polestar and StoreDot are collaborating on extreme fast charging technology and plan to demonstrate this at full scale in a Polestar 5 prototype in 2024. Read here.

 

The complete press kit can be found on the Polestar Press website.

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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.