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Final month, Volvo unveiled the brand new 2025 Polestar 4. It’s an electrical SUV that may compete in opposition to the Tesla Mannequin X — however it will likely be cheaper with a price ticket of round $60,000. The 2024 Polestar 3 and Volvo EX90 have been additionally unveiled late final 12 months as a part of the Swedish carmaker’s plan to deliver an all-electric vehicle lineup to the U.S.
Each the Polestar 3 and Volvo EX90 have been scheduled for manufacturing in mid-2023 with supply slated for later this 12 months. Nonetheless, the manufacturing plans have modified and Polestar says now we have to attend till early 2024 for the brand new Polestar and Volvo automobiles. What’s the explanation for the pushback? It has one thing to do with software program points.
Polestar wants extra time to develop and check the software program
In line with the Swedish automaker, it wants “extra time for last software program growth” earlier than manufacturing the Polestar 3. Because the Volvo EX90 shares the identical platform because the Polestar 3, it should even be affected. Nonetheless, the automaker clarified that the upcoming Polestar 4 gained’t be affected and it will likely be delivered on the preliminary schedule.
Polestar additionally stated that it’s been burdened by “the financial surroundings affecting the automotive business.” Coincidentally, Polestar introduced that it was shedding 10% of its workforce after it postponed the Polestar 3 manufacturing date. In line with Reuters, Volvo can also be taking the identical measures by shedding 6% of its workforce. Even Tesla is feeling the warmth of the present bear market.
Because of the current developments, Polestar expects to promote between 60,000 to 70,000 EVs globally in 2023 — down from the 80,000 models that it had projected in Q1 2023. Thus far, the automaker has delivered 2,340 Polestar 2 fashions within the U.S. and 12,000 whole automobiles between January and March 2023. Even with the financial slowdown, Polestar has elevated its Q1 gross sales by 26% in comparison with final 12 months.
The Polestar 3 is anticipated to have a 111-kWh battery that may ship a variety of as much as 379 miles. It’ll include a normal 360 kW electrical motor equal to 482 horsepower. Alternatively, you’ll have the choice to decide on a higher-performance 380 kW electrical motor that may produce 509 horsepower. Then again, the upcoming Volvo electrical automobile may have nearly the identical specs because the Polestar 3.
The Polestar 3 can even depend on AI expertise constructed on Nvidia’s processor to self-drive itself. As for the value, it’s anticipated to start out at round $85,000, whereas the Volvo EX90 may very well be $5,000 cheaper.
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