Polestar outlines four-model EV expansion through 2028

Core Viewpoint - Polestar, owned by Geely, is planning to expand its electric vehicle (EV) portfolio with four new models from 2026 to 2028, marking the largest product expansion in its history [1][4]. Group 1: Product Expansion - The rollout will begin with the Polestar 5 four-door grand tourer, with deliveries expected to start in summer 2026 [1]. - A new variant of the Polestar 4 SUV is set to be introduced in the fourth quarter of 2026 to broaden its customer reach [2]. - A next-generation successor to the Polestar 2 sedan is planned for early 2027, followed by the launch of the compact premium SUV Polestar 7 in 2028 [2]. Group 2: Sales Performance - Polestar reported retail sales of 60,119 vehicles in 2025, a 34% increase compared to 2024 [2]. - Fourth-quarter retail sales in 2025 were approximately 15,608 units, reflecting a 27% year-on-year growth [3]. - The company anticipates retail volumes to grow at a low double-digit rate in 2026 [2]. Group 3: Retail Network Expansion - Polestar plans to increase its retail network by around 30% as it shifts towards direct sales and raises the share of Polestar 4 within its overall sales mix [3]. - The expanded model range and broader retail footprint are intended to support growth through 2028 [4]. Group 4: Financial Backing - Polestar announced a $400 million equity investment from Feathertop Funding Limited and Standard Chartered Bank (Hong Kong) Limited, with $200 million from each [5]. - The financial institutions have entered into a put option arrangement with Polestar, providing them with an exit path in three years under certain conditions [6].