Polestar will bolster its range of cars with a new compact SUV as the Swedish firm aims to increase its sales worldwide.
Announced as part of the brand’s strategy update, the new Polestar 7 will join existing 2, 3 and 4 models, as well as the new 5 four-seater grand-tourer which is set to go on sale in the second half of this year.
Michael Lohscheller, Polestar CEO, says: “With Scandinavian design, performance and a premium brand, Polestar has successfully positioned itself in the global automotive market. We have three outstanding cars on the road and a growing, passionate customer base.”
Polestar is planning to expand the number of retail spaces it has, increasing their number from 70 to 130 within Europe. The brand also expects to see ‘significantly increased revenue contribution’ through the sales of carbon credits to other brands which aren’t able to hit stringent emissions targets. Polestar has stated that it already has an EU carbon pool with four other manufacturers but hasn’t announced which firms are included.
