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Polestar 7 electric compact SUV coming to take on Tesla Model Y

  • Polestar plans to launch the Polestar 7 electric compact SUV to compete with the Tesla Model Y by the end of the decade, according to CEO Michael Lohscheller.
  • The Polestar 7 will be produced in Europe, with potential manufacturing sites including Volvo's factories in Sweden or Belgium, as stated by Lohscheller.
  • Polestar aims for annual sales growth of 30 to 35% until 2027, despite a projected decline in sales for 2024, as revealed in their business update.
  • The new model is described as a performance-oriented compact SUV, with a focus on progressive design, according to Design Boss Philipp Römers.
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