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Polestar Partners With Volvo Cars For Polestar 7 Manufacturing In Kosice, Slovakia Ahead Of 2028 Launch
Polestar has chosen Volvo Cars as its partner for developing and manufacturing the Polestar 7. This collaboration will utilise group architectures to access cutting-edge technologies cost-effectively. The Polestar 7 is slated for launch in 2028.
Polestar is expanding its manufacturing footprint into Europe by signing a memorandum with Volvo Cars. The Polestar 7 will be produced in Kosice, Slovakia, ahead of its planned release in 2028. This move aligns with Polestar's strategy to leverage Geely Holding Group's architectures.
The Polestar 7 will incorporate technology from Volvo Cars, benefiting from shared components and advanced battery technology. It will also feature next-generation e-motors developed in-house. These adaptations aim to deliver the distinctive driving experience that Polestar is known for.
Michael Lohscheller, CEO of Polestar, stated: "Working with Volvo Cars to develop and manufacture Polestar 7 in Europe is a unique opportunity that will strengthen our position in our home market. Our strategy of utilising Group architectures as the base for our future model line-up gives us access to the best, latest technologies, in a cost-efficient manner. With a design and sporty driving characteristics that are instantly recognisable, Polestar 7 will set new standards in the premium compact SUV segment."
The construction of the Volvo Cars factory in Kosice began in 2023. This location offers excellent logistical connections to European markets and has a well-established supplier base.
Håkan Samuelsson, President and CEO of Volvo Cars, commented: "Our collaboration with Polestar on the development and manufacturing of the Polestar 7 underscores how Volvo Cars and Polestar continue to leverage synergies to efficiently deliver outstanding vehicles built for our distinct customer segments."
About Polestar
Polestar is a Swedish electric performance car brand focused on innovative design and sustainability. Headquartered in Gothenburg, Sweden, it operates across North America, Europe, and Asia Pacific. Its current models include the Polestar 2, 3, and 4, with plans for more models like the Polestar 5 GT and the roadster.
The company aims to halve greenhouse gas emissions per vehicle sold by 2030 and achieve climate neutrality across its value chain by 2040. Its sustainability strategy covers climate impact, transparency, circularity, and inclusion.
Forward-Looking Statements
Certain statements about future events or financial performance are considered forward-looking under U.S. law. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
Factors affecting these outcomes include partnerships with strategic partners like Volvo Cars and Geely, supply chain management, funding needs, cost-cutting initiatives, market conditions, demand for vehicles, regulatory changes, competition within the automotive industry, brand establishment efforts, litigation outcomes, innovation capabilities, geopolitical conflicts such as those involving Ukraine or Israel.
Readers should not place undue reliance on these forward-looking statements as they are based on estimates considered reasonable but inherently uncertain. There may be additional risks unknown or deemed immaterial at present that could also impact results.
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