Polestar Announces Four New EV Models by 2028

Polestar, the Swedish electric vehicle maker owned by China's Geely, announced on Wednesday its most ambitious expansion yet, planning to introduce four new models over the next three years as part of a strategy to boost sales and capture a larger share of the EV market.

The lineup begins with the Polestar 5, a high-performance electric grand tourer positioned as the brand's halo vehicle. Deliveries of the Polestar 5 are set to start this summer in select markets, including Australia where it will be priced from about $171,100 before on-road costs. Built on a lightweight bonded aluminum platform unique to the model, it will not be available in the United States or China, the two largest auto markets.

Following closely is an updated version of the Polestar 4, the company's current bestseller that competes with the Tesla Model Y. This new variant adopts a more practical estate-like body style while retaining SUV versatility, featuring a traditional rear window and an upright tailgate to address criticisms of the existing coupe-SUV's camera-based rear view. Polestar described it as channeling Sweden's wagon heritage, combining estate space with dynamic performance. European...