Polestar 4 Production Starts at Geely Hangzhou Bay Plant

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Polestar* (Nasdaq: PSNY) said today that the start of production of Polestar 4 began at the Geely Holding Hangzhou Bay plant with first deliveries to customers in China expected before the end of 2023. The official launch in all other Polestar export markets is planned for early 2024, with customer deliveries in these markets expected within the same year.

“Polestar 4 stands out in design and performance, a remarkable SUV coupé in many ways. It is the first Polestar to feature a virtual rear window with world-class digital rear-view mirror. This car plays a very important role in our growing line-up of exclusive performance EVs. It illustrates the value of our diversified and asset-light approach, making use of our partner and major shareholder’s development and manufacturing expertise,” said Thomas Ingenlath, Polestar CEO.

Polestar 4 was launched at the Shanghai Auto Show in April 2023. From the second half of 2025, additional manufacturing will be added in Busan, South Korea, for the local market and export to North American markets. The SUV coupé is the second SUV in the Polestar line-up, and it is the fastest Polestar production car to date. Polestar 4 is positioned between Polestar 2 and Polestar 3 in terms of size and price.

The Factory Has several methods of reducing waste:

• Non-chrome passivator to reduce water pollution.
• Water-based paint to reduce volatile organic compound emissions.
• Dry paper box filtering in the paint shop to remove paint mist, achieve zero wastewater generation during the spraying process, and effectively reduce air conditioning energy consumption by 60%.
• Concentrator wheel and regenerative thermal oxidiser to effectively treat exhaust gases from the factory.

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*About Polestar

Polestar (Nasdaq: PSNY) is a Swedish electric performance car brand headquartered in Gothenburg, Sweden. Its cars are available online in 27 markets globally across North America, Europe and Asia Pacific. Polestar’s North American headquarters is in the greater New York City area. Polestar Spaces have been opened in more than 30 of the region’s top electric vehicle markets.

Polestar plans to have a line-up of five performance EVs by 2026

•  Polestar 2, the electric performance fastback, launched in 2019.
• Polestar 3, an SUV for the electric age, launched in late 2022.
• Polestar 4, the SUV coupé is launching in phases through 2023 and into 2024.
• Polestar 5, an electric four-door GT and Polestar 6, an electric roadster, are coming soon.