Polestar outlines four-model EV expansion through 2028
Geely-owned Polestar has announced plans to expand its electric vehicle (EV) portfolio with the launch of four new models between 2026 and 2028. This move marks the largest product expansion in the Swedish EV manufacturer’s history, demonstrating its commitment to growth and innovation in the electric vehicle market.
The expansion will kick off with the introduction of the Polestar 5 four-door grand tourer, with deliveries expected to begin this summer. Following this, a new variant of the Polestar 4 SUV will be introduced in the fourth quarter of this year to attract a wider customer base. In early 2027, a next-generation successor to the Polestar 2 sedan will be unveiled, followed by the launch of the compact premium SUV Polestar 7 in 2028.
Polestar reported a significant increase in retail sales in 2025, with 60,119 vehicles sold, representing a 34% growth compared to the previous year. Fourth-quarter retail sales in 2025 reached approximately 15,608 units, marking a 27% year-on-year increase. The company anticipates further growth in retail volumes in 2026, with a focus on expanding its retail network by around 30% to support its direct sales approach and increase the share of the Polestar 4 within its overall sales mix.
Despite facing geopolitical and economic challenges, Polestar achieved its highest annual retail sales in 2025 and aims to leverage its expanded model range and retail footprint to drive growth through 2028. Polestar CEO Michael Lohscheller expressed enthusiasm about the upcoming model offensive, stating, “Following our best sales year ever, we are now launching the largest model offensive in our history, with four premium EVs coming to market within three years. We are targeting the heart of the EV market, where customer demand and profit pools are high.”
In addition to its product expansion plans, Polestar recently secured a $400 million equity investment from Feathertop Funding Limited and Standard Chartered Bank (Hong Kong) Limited. This investment will provide the company with financial support and strategic opportunities as it continues to innovate and grow in the EV market.
“Polestar outlines four-model EV expansion through 2028” was originally published by Just Auto, a GlobalData owned brand. The information provided in this article is for general informational purposes only and should not be considered as professional advice. Readers are advised to seek expert guidance before making any decisions based on the content provided.
