Tech

Polestar teases 5th EV, announces NASDAQ listing

polestar-ev-lineup-teaser-1

Polestar’s lineup is increasing.


Polestar

Simply a few weeks after releasing the primary picture of the upcoming manufacturing Principle sedan, EV maker Polestar teased what will likely be its fifth mannequin. The brand new teaser comes with the announcement that Polestar plans to checklist shares on NASDAQ as a part of a $20 billion valuation.

The primary of the brand new teaser pictures exhibits the present Polestar 1 coupe and Polestar 2 sedan alongside three automobiles beneath white sheets. Within the center is the upcoming Polestar 3, which will likely be a rakish SUV driving on the identical SPA 2 platform that the next-gen Volvo XC90 will use. To the far proper is the manufacturing model of the Precept, which can look practically equivalent to the idea automotive. However in between the three and the Principle is Polestar’s newly introduced mannequin, which we beforehand hadn’t even heard rumors about.

polestar-ev-lineup-teaser-2

The fifth mannequin is within the middle right here.


Polestar

Judging by the 2 launched teasers, the fifth mannequin could have the same form to the Polestar 2 however with a extra upright SUV vibe. We are able to see a sloping hood with crisp traces, a outstanding shoulder line, tall wheel arches and a coupelike greenhouse. It is harking back to different electrical crossovers just like the Tesla Model Y and Genesis GV60, and our greatest guess is that it will likely be a crossover counterpart to the two.

Polestar says the three SUV will launch in 2022, with the following two fashions to come back by 2024. Given how far alongside Principle improvement already appears to be, we’re more likely to see that sedan come out first. The model delivered about 10,000 automobiles globally in 2020 and plans to promote 290,000 automobiles yearly by 2025.

As for the brand new spherical of investments, it is led by a merger with the SPAC Gores Guggenheim. The newly created firm will likely be known as Polestar Automotive Holding UK Restricted, with the ticker image PSNY. The transaction consists of $800 million from Gores Guggenheim and round $250 million in PIPE funding. Polestar expects the deal to shut within the first half of 2022.

https://www.cnet.com/roadshow/information/polestar-ev-crossover-teaser-nasdaq-listing/#ftag=CADf328eec | Polestar teases fifth EV, broadcasts NASDAQ itemizing

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