Polestar unveils $84,000 electric SUV, the Polestar 3, to establish its foothold in the US

Polestar 3

Courtesy: Polestar

Swedish EV Maker Pole Star On Wednesday, it unveiled a new electric SUV that it is counting on to expand its sales and presence in the United States.

The new model, called the Polestar 3, is a five-passenger electric vehicle that the company describes as a “high-performance SUV.” It will be launched with a 111 kWh battery and a twin-motor configuration that delivers up to 517 horsepower with an estimated 300 miles of EPA-rated range.

Priced around $84,000, the car comes loaded with technology, including nvidia Computer running advanced driver assistance software developed by Polestar part owner, Volvo cars.

Only one copy of the Polestar 3 will be available at launch, although less expensive edges are expected to follow. The optional Trial Package will add a file Luminar The lidar module and other sensors needed for autonomous driving, which Polestar expects to be made available in the future via a remote update.

It’s a step up in size, performance, technology and price from the company’s current model, Polestar 2 crossover, which starts around $48,000. Polestar 1 was a model Limited Hybrid Coupestop now.

It’s also kind of up in price compared to what is likely to be its main competitor: Tesla The Model Y, which costs about $70,000 in the same twin engine. Another possible competitor BMW All-electric iX SUV, starting at about $85,000.

Polestar 3 will be built in China, starting next year, and in the US – at Volvo Cars’ South Carolina plant – starting in mid-2024. Deliveries are expected to begin in the last quarter of 2023.

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Polestar expects to deliver 50,000 vehicles to customers around the world in 2022. During the month of September, it delivered around 30,400 vehicles, He said last week.

Polestar is a joint venture between Volvo Cars and the Chinese automaker jellywhich has owned Volvo Cars since 2010. Polestar was launched to the public via a Merger with a Special Purpose Acquisition Company in June. Its shares have fallen about 58 percent since then.

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