Polestar Showcases Growing Line-Up of Performance SUVs in New York
March 21 2024 - 8:00AM
Business Wire
- Swedish brand participates in New York International Auto Show
for the first time
- Polestar 3 and Polestar 4 to be showcased
2024 is the year of the product offensive for Polestar (Nasdaq:
PSNY). The Swedish performance electric car brand is participating
in the New York International Auto Show for the first time,
showcasing its luxury SUVs, the Polestar 3 and Polestar 4.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240321203173/en/
(Photo: Business Wire)
Polestar 3 and Polestar 4 reinforce the brand’s position as the
leading electric performance car brand. These two SUVs are the
result of what Polestar and the brand’s engineers have set as their
goal: combining performance and luxury in a new way, creating a new
standard in the electric age. With their design, unique materials
and handling characteristics, the Polestar 3 and Polestar 4
position themselves as sophisticated, sporty vehicles that are
suitable for everyday use.
Thomas Ingenlath, Polestar CEO, says: “We are proud to present
the extension of our model range at the NYIAS. 2024 will be an
outstanding year for our young brand as we show the full strength
and potential of Polestar. Both our SUVs target one of the fastest
growing segments in the industry, positioning the brand for strong
volume growth and margin progression from the second half of the
year.”
This marks a new phase in Polestar’s business, moving from being
a one- to a multi- car brand. Sales of Polestar 4 are off to a
successful start around the world and production of Polestar 3 has
started. Additional production is set to start in South Carolina in
the middle of the year, reflecting Polestar’s commitment to the US
market.
Polestar CEO, Thomas Ingenlath, will present the two luxury
performance SUVs at a press conference at 11:50 Eastern Time on 27
March, on stand 806, Level 3.
The day before, on 26 March, Thomas Ingenlath and CFO, Per
Ansgar, will take part in the Bank of America Global Auto Summit.
An investor update deck has been published on the Investor
Relations website ahead of the event and a live audio webcast of
management’s presentation, taking place at approximately 13:20
Eastern Time, will be accessible via
https://investors.polestar.com/.
Polestar expects to publish its Q4 2023 audited financial and
operational results in conjunction with the FY 2023 Annual Report
on Form 20-F, on 30 April 2024.
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. All forward-looking statements
are based upon, as applicable, 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 those risks and uncertainties
set forth in the sections entitled “Risk Factors” and “Cautionary
Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F,
and other documents filed, or to be filed, with the U.S. Securities
and Exchange Commission by Polestar. 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/20240321203173/en/
Bojana Flint Head of Investor Relations
bojana.flint@polestar.com
Theo Kjellberg Head of Corporate PR
theo.kjellberg@polestar.com
Polestar Automotive Hold... (NASDAQ:PSNY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Polestar Automotive Hold... (NASDAQ:PSNY)
Historical Stock Chart
From Apr 2023 to Apr 2024