Tag Archives: Polestar

News

Polestar to Build Upcoming Polestar 7 SUV in Europe Through Volvo Partnership

In a strategic move to broaden its global manufacturing network, Polestar has announced plans to produce its upcoming Polestar 7 at Volvo Cars’ new factory in Košice, Slovakia, marking the brand’s first contract manufacturing venture in Europe. The decision aligns with Polestar’s long-term strategy to deepen collaboration within the Geely Holding Group, leveraging advanced shared technology and production capabilities.

The premium compact SUV, Polestar 7, is slated for launch in 2028 and will be built using Volvo’s technology base, drawing on next-generation cell-to-body battery technology, in-house developed electric motors, and a shared component architecture from within the group. This partnership is expected to yield both performance and cost-efficiency benefits, while maintaining the distinctive design language and dynamic driving experience Polestar is known for.

Michael Lohscheller, CEO of Polestar, emphasized the importance of this collaboration:

“Working with Volvo Cars to develop and manufacture Polestar 7 in Europe is a unique opportunity that will strengthen our position in our home market. Our strategy of utilizing Group architectures as the base for our future model line-up gives us access to the best, latest technologies, in a cost-efficient manner.”

Polestar 7 represents the brand’s latest step in redefining the premium electric SUV category, building on the success of its previous models while embracing cutting-edge innovation from within the Geely-Volvo ecosystem.

Håkan Samuelsson, President and CEO of Volvo Cars, added:

“Our collaboration with Polestar on the development and manufacturing of the Polestar 7 underscores how Volvo Cars and Polestar continue to leverage synergies to efficiently deliver outstanding vehicles built for our distinct customer segments.”

Volvo Cars began construction of the Košice plant in 2023, strategically chosen for its strong supply chain infrastructure and proximity to key European markets. Once operational, the factory will serve as a critical hub for Polestar’s European ambitions, reinforcing the brand’s presence in a highly competitive segment.

As the automotive world watches the evolution of premium EVs, the Polestar 7 looks poised to make a significant impact, combining Scandinavian design, sustainable innovation, and precision European manufacturing.

Source: Polestar

News

Hertz Car Rental is selling over 30,000 EVs

Hertz Car Rental announced that it is selling almost 30,000 electric vehicles due to increased losses. A few years ago, the rental company acquired a large number of electric vehicles, but in the end this experiment was not successful.

The company aims to sell a certain number of cars by the end of the year, including the Tesla and Polestar models. A number of vehicles will remain in the fleet to meet the needs of customers booking trips in electric cars. The reason for this decision is low earnings, and electric vehicles that are not in use quickly lose value.

Three years ago, the company ordered 100,000 units of the Tesla Model 3, which at the time seemed like a good business move. Customers liked the car, and the company only had to pay for simple interventions such as tire repair, windshield wiper fluid, etc. Luckily, all the vehicles were not even delivered, so the losses are smaller.

The biggest problems appeared when Tesla started cutting the prices of the vehicles. This forced Hertz to start thinking about selling, as the price of the vehicle they owned was higher than the price of a new car, causing them to quickly lose money.

To make matters worse, the analysis showed that Tesla cars are not as economical as the company thought. There were also transport problems caused by accidents, leading to high repair costs and long deliveries.

Hertz will continue selling EVs in 2025.

Source: Hertz Car Rental; Photo: EPA-EFE

EV

Polestar 3 Long range Single motor

At the end of 2023, the Chinese company Zhejiang Geely Holding Group started production of the Polestar 3, and after delaying the delivery, the company informed the first customers that they could come and pick up their cars.

Polestar 3 is a BEV mid-size luxury crossover SUV with Long range Dual motor specifications. That means it’s powered by two electric motors with 483 hp (360 kW) and 620 lb-ft (820 Nm) of torque, and all-wheel drive. It is equipped with a 111 kWh battery that provides a range of 610 km (380 miles) WLTP.

At the same time, the company also included the Long range Single motor option in the offer. It is powered by a single electric motor with 299 hp (223 kW) and 361 lb-ft (490 Nm) of torque. It is equipped with a 111 kWh battery that provides a range of 650 km, which is 40 km more than the Long range Dual motor option, and reaches 100 km/h (62 mph) in 7.8 seconds.

The 111 kWh battery can be charged on fast DC chargers with a power of up to 250 kW, while the Dual motor option can use a charger of up to 350 kW. The battery can be charged from 10 to 80 percent in 30 minutes of charging.

When it comes to price, it varies from market to market. In some markets, there are no subsidies, such as Germany, so the price of the Polestra 3 starts at 79,890 euros. In other markets, with a subsidy, the car is cheaper.

Source: Polestar

Gallery:

Polestar 3 Long range Single motor