Polestar unveils a new $84,000 electric SUV it's hoping will help cement its foothold in the U.S.

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Polestar 3

Courtesy: Polestar

Swedish EV shaper Polestar connected Wednesday unveiled a caller electrical SUV that it's counting connected to grow its income and beingness successful the United States.

The caller model, called the Polestar 3, is simply a five-passenger EV that the institution describes arsenic a "performance SUV." It'll motorboat with a 111 kilowatt-hour artillery and a dual-motor configuration that delivers up to 517 horsepower with an estimated 300 miles of EPA-rated range.

Priced astatine astir $84,000, the car comes loaded with technology, including an Nvidia machine moving precocious driver-assist bundle developed by Polestar's portion owner, Volvo Cars.

Only 1 mentation of the Polestar 3 volition beryllium disposable astatine launch, though little costly trims are expected to follow. An optional "Pilot Pack" volition adhd a Luminar lidar portion and different sensors needed for autonomous driving, which Polestar expects to marque disposable successful the aboriginal via an over-the-air update.  

It's a measurement up successful size, performance, exertion and terms from the company's existent model, the Polestar 2 crossover, which starts astatine astir $48,000. The Polestar 1 was a limited-production hybrid coupe, present discontinued.

It's besides thing of a measurement up successful terms from what volition apt beryllium its main competitor: Tesla's Model Y, which costs astir $70,000 successful akin dual-motor trim. Another imaginable rival, BMW's all-electric iX SUV, starts astatine astir $85,000.

The Polestar 3 volition beryllium built successful China, starting adjacent year, and successful the U.S. — astatine a Volvo Cars mill successful South Carolina — starting successful mid-2024. Deliveries are expected to statesman successful the 4th fourth of 2023.

Polestar expects to present 50,000 vehicles to customers astir the satellite successful 2022. Through September, it had delivered astir 30,400, it said past week.

Polestar is simply a associated task betwixt Volvo Cars and Chinese automaker Geely, which has owned Volvo Cars since 2010. Polestar went nationalist via a merger with a peculiar intent acquisition company in June. Its shares person fallen astir 58% since.

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