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Polestar<\/strong>, an electric vehicle maker owned by China’s Geely<\/strong> and the performance arm of Volvo Cars<\/strong>, expects sales to reach 29,000 next year<\/strong>, and explode by 2025, as the brand rolls out new vehicles starting with an SUV next year.<\/p>\n <\/p>\n “We’re not a virtual company waiting to build factories and sell cars; we’re a real company already building and selling cars around the world<\/em>,” says Thomas Ingenlath<\/strong>, Polestar’s CEO.<\/p>\n <\/p>\n In this dynamic, the firm will launch the Polestar 3 SUV<\/strong> in 2022, which will be an important step for the company and its more regular presence in the automotive market casinos in \u00f6sterreich<\/a>.<\/p>\n <\/p>\n Indeed, Polestar is still very new as the brand was launched in 2017 with the Halo Polestar 1<\/strong> hybrid performance car. The 100% electric Polestar 2<\/strong> then followed, before then the future arrival of the version 3 of the car. The Polestar 4 SUV<\/strong> coupe is expected to follow in 2023 while the four-door Polestar 5 GT<\/strong> is already scheduled for 2024.<\/p>\n <\/p>\n Polestar is planning updates for its vehicles, starting with a performance upgrade to the Polestar 2 with an increase in performance to 68 horsepower. The company also wants to add autonomous highway driving capability for the Polestar 3 around the middle of the decade.<\/p>\n <\/p>\n The company expects 40 percent of sales to come from Europe and 30 percent each from North America and Asia<\/strong>. The goal remains $1.6 billion in sales this year, double that in 2022, and aim for $17 billion by 2025. With its strategy of launching a new car every year for the next three years, the brand expects to sell 290,000 units within four years.<\/p>\n <\/p>\n