Former boss Ingenlath mentioned the 7 would arrive in 2027, however Lochscheller gave no particulars on the supposed launch date throughout his presentation.

Polestar additionally goals to have a optimistic free money circulate by 2027.

Notably, Polestar will ultimately transfer all its fashions to a single car structure, which it says will cut back “complexity, prices and investments.”

It’s unclear whether or not Polestar will develop a customized new platform or use present platforms. The two makes use of Geely and Volvo’s CMA platform (additionally utilized by the Volvo EX40), the three shares the SPA2 platform with the Volvo EX90 and the 4 makes use of a model of Geely’s SEA structure. The 5 and 6 additionally have a tendency to make use of variants of the extremely versatile SEA, suggesting it’s the more than likely candidate to be the main target of Polestar’s future vary.

Lohscheller mentioned: “We’re constructing on the robust Polestar model with design and efficiency at its core – however important modifications are wanted to make this revered progressive model a profitable and viable enterprise.”

The agency can be accelerating its retail enlargement, aiming to extend its variety of showrooms (‘Areas’) by 75% by the top of subsequent yr, increasing to 130 areas in Europe and 57 in North America. Lochscheller mentioned that Polestar’s emphasis may even shift from a ‘storytelling’ of serving to clients be taught concerning the model to lively promoting.

Polestar can be set to start out promoting automobiles in France, the place its launch has been delayed by a dispute with Citroën over its brand design.

Including a European manufacturing presence may even assist Polestar increase the bottom of its ‘asset-light’ enterprise mannequin. Initially it made automobiles completely in China, however the 3 is now constructed within the US together with the Volvo EX90 and the agency has a manufacturing presence in South Korea.

Polestar additionally goals to capitalize on its EV-only vary by promoting CO2 credit to different producers struggling to satisfy their European Union emissions targets – a tactic that has confirmed very worthwhile for EV corporations like Tesla. Lochscheller mentioned he anticipated it to be price “triple digit thousands and thousands” in income.