Polestar was supposed to start production of its next EV, the Polestar 3 SUV by the end of this year, but now it’s announced that it has been delayed until the first quarter of 2024.
Polestar says that the delay is due to the need for additional time for the final software development of the new platform that is shared by Volvo. Although the Polestar 3 has been delayed, Polestar says that its next vehicle, the Polestar 4 is still on track to arrive in China in the fourth quarter of 2023 and other markets in early 2024.
“We are taking necessary steps to strengthen Polestar in the near-term. While production of Polestar 3 will now start in the first quarter of 2024, the successful launch of Polestar 4 last month means that we add two strong offers in the attractive electric SUV market in 2024. I am confident that we will deliver on our growth ambitions and path towards profitability,” stated Thomas Ingenlath, Polestar CEO.
