Polestar’s electric vehicle production ramping up to meet demand

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Alfred Peru
close up of electric lamp against black background

Polestar, the electric vehicle arm of Volvo Cars, is ramping up production to meet demand for its vehicles. The company has seen a surge in interest in its cars, which are all-electric and have a range of up to 300 miles.

Polestar has doubled its production capacity for the year, and is on track to produce 50,000 cars by the end of 2022. The company is also expanding its dealer network and opening new facilities in Europe and China.

“The response to our products has been overwhelming,” said Polestar CEO Thomas Ingenlath. “With demand significantly outstripping supply, we are ramping up our production plans to meet this demand.”

The company’s first car, the Polestar 1, is a two-door coupe with a price tag of around $155,000. It has a range of about 150 miles and can go from 0 to 60 mph in under 4 seconds. The Polestar 2 is a four-door sedan that starts at $63,000 and has a range of about 275 miles. It will be available later this year.

The company is also working on an SUV, the Polestar 3, which is expected to be released in 2020.
The Polestar 3 will be an all-electric SUV with a range of up to 310 miles. It will start at $70,000 and will be available in 2020.

Polestar, the electric vehicle arm of Volvo Cars, in China

The company is also working on a range of electric vehicles for the Chinese market. These include the Polestar Space, a small SUV; the Polestar Terrain, a compact SUV; and the Polestar Dragon, a sedan.

Polestar is owned by Volvo Cars, which is itself owned by Chinese automaker Geely. The company has its headquarters in Gothenburg, Sweden. Volvo’s commitment to electric vehicles is evident in its investment in Polestar. The company has said that all of its new cars will be electrified by 2019, and it plans to sell 1 million electrified cars by 2025.

Volvo’s decision to spin off Polestar as a separate brand was a smart move, as it allows the company to focus on making electric vehicles without having to worry about cannibalizing sales of its traditional gasoline-powered cars.

The move also makes sense from a Chinese perspective. Geely, Volvo’s Chinese parent company, has been investing heavily in electric vehicle startups and has a stated goal of becoming a major player in the global electric vehicle market.

It’s clear that Volvo is serious about electrification, and with Polestar it has a brand that is dedicated to making great electric vehicles. The future looks bright for both Volvo and Polestar, and we can’t wait to see what they come up with next.

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