Polestar 4 production starts; first customer deliveries expected before end of 2023
15 Novembre 2023 - 9:00AM
Business Wire
Polestar (Nasdaq: PSNY) confirms the successful start of
production of Polestar 4, with first deliveries to customers in
China expected before the end of 2023. Official launch in all other
Polestar markets is planned for early 2024, with customer
deliveries in these markets expected within the same year.
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The first production car to roll off the assembly line is
finished in Snow with the signature Swedish gold details of the
Performance Pack. It is the first Polestar to be manufactured at
the Hangzhou Bay factory operated by Geely Holding, which is
powered by renewable electricity that carries the I-REC hydro power
certificate, combined with photovoltaic electricity generated on
the roof of the plant.
The factory’s green credentials have played a significant role
in reducing the environmental impact of Polestar 4, which at
19.4-21.4 tCO2e, has the lowest carbon footprint of any Polestar
car at launch.
The workshop adopts several methods of reducing harmful waste,
including:
- Non-chrome passivator to reduce water pollution.
- Water-based paint to reduce volatile organic compound
emissions.
- Dry paper box filtering in the paint shop to remove paint mist,
achieve zero wastewater generation during the spraying process, and
effectively reduce air conditioning energy consumption by 60%.
- Concentrator wheel and regenerative thermal oxidiser to
effectively treat exhaust gases from the factory.
Thomas Ingenlath, Polestar CEO, says: “The first Polestar 4
rolling off the production line today is the culmination of hard
work from countless colleagues and partners. Polestar 4 stands out
in design and performance, a remarkable SUV coupé in many ways. It
is the first Polestar to feature a virtual rear window with
world-class digital rear-view mirror. This car plays a very
important role in our growing line-up of exclusive performance EVs.
It illustrates the value of our diversified and asset-light
approach, making use of our partner and major shareholder’s
development and manufacturing expertise.”
Polestar 4 was first launched at the Shanghai Auto Show in April
2023. From the second half of 2025, additional manufacturing will
be added in Busan, South Korea, for the local market and export to
North American markets. The SUV coupé is the second SUV in the
Polestar line-up and in addition to incorporating design cues first
seen on Polestar’s concept cars, it is also the fastest Polestar
production car to date. Polestar 4 is positioned between Polestar 2
and Polestar 3 in terms of size and price.
About Polestar
Polestar (Nasdaq: PSNY) is the Swedish electric performance car
brand determined to improve society by using design and technology
to accelerate the shift to sustainable mobility. Headquartered in
Gothenburg, Sweden, its cars are available online in 27 markets
globally across North America, Europe and Asia Pacific.
Polestar plans to have a line-up of five performance EVs by
2026. Polestar 2, the electric performance fastback, launched in
2019. Polestar 3, the SUV for the electric age, launched in late
2022. Polestar 4, the SUV coupé transformed, is launching in phases
through 2023 and into 2024. Polestar 5, an electric four-door GT
and Polestar 6, an electric roadster, are coming soon.
The Polestar 0 project supports the company’s ambitious goal of
creating a truly climate-neutral production car by 2030. The
research initiative also aims to create a sense of urgency to act
on the climate crisis, by challenging employees, suppliers and the
wider automotive industry, to drive towards zero.
Forward-looking Statements
This press release contains statements that are not historical
facts, but rather forward-looking statements within the meaning of
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include those that address activities,
events or developments that Polestar or its management believes or
anticipates may occur in the future, including the expected
delivery of vehicles to customers. All forward-looking statements
are based upon our current expectations, various assumptions and
data available from third parties. Our expectations and assumptions
are expressed in good faith and we believe there is a reasonable
basis for them. However, there can be no assurance that such
forward-looking statements will materialize or prove to be correct
as forward-looking statements are inherently subject to known and
unknown risks, uncertainties and other factors which may cause
actual future results, performance or achievements to differ
materially from the future results, performance or achievements
expressed in or implied by such forward-looking statements.
Numerous risks, uncertainties and other factors may cause actual
results to differ materially from those set out in the
forward-looking statements, including potential delays in further
production of the Polestar 4 and future deliveries to customers.
For any forward-looking statements contained in this or any other
document, we claim the protection of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995, and we assume no obligation to
update publicly or revise any such statements in light of new
information or future events, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231115749318/en/
Bojana Flint Head of Investor Relations
Bojana.flint@polestar.com
Theo Kjellberg Head of Corporate PR
theo.kjellberg@polestar.com
Tanya Ridd Global Head of Communications & PR
tanya.ridd@polestar.com
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