Polestar's lineup at Luxembourg Motor Show forecasts innovation and premium electrical cars

LUXEMBOURG – 23 November 2023. Polestar, the Swedish electric performance car brand, will be participating in the 24th edition of the Luxembourg Motor Show from Friday, November 10th, to Sunday, November 12th, 2023. During this international event hosted at LuxExpo, The Box, Polestar will showcase a lineup featuring the electric performance fastback Polestar 2, the electric performance SUV Polestar 3 and the highlight of the event, the electric four-door GT Polestar Precept concept car, set to be developed into the production vehicle Polestar 5. The line-up reflects the brand's future product portfolio and together with the launch of SUV coupé Polestar 4 in 2024, the Swedish electric performance car brand expands its focus to the premium electric vehicle segment, redefining luxury for a sustainable future.

Lies Eeckman, Head of of Polestar Belgium and Luxembourg, emphasizes the significance of Polestar's new models for the brand's future: " Our new models position us in the luxurious and exclusive electric vehicle segment. Polestar 3 and 4 are the first evidence of this, and the Polestar 5 will take it a step further. This vehicle will fully meet the expectations of a luxurious sports car with high-quality driving pleasure and top performance."

Polestar revealed the Precept as a declaration of intent, showcasing the future direction of Polestar’s design, sustainability and technology. The concept car includes several new ​ sustainable interior materials that balance modern high-tech luxury with reduced environmental impact that is being implemented in the existing and future Polestar cars.

Lies Eeckman explains how design innovation drives progress at Polestar: "We use design as a lens to approach challenges, find creative solutions, and innovate in various domains. Some good examples of this are showcased in the concept cars, such as the use of labeled aluminum developed for reuse, and innovative, more sustainable materials like 3D-knit made from 100% recycled PET bottles and flax fiber composite used in our cars without compromising on a premium appearance."

The first Luxembourg deliveries of the electric performance SUV, Polestar 3, are expected in the second quarter of 2024. The SUV coupe Polestar 4 is scheduled for an official launch in 2024 followed by the four-door GT Polestar 5 in 2025 and the electric roadster Polestar 6, is expected in 2026.

 

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Note to editors:

Interested journalists can contact Evi for all their questions.

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.