Polestar CEO talks new SUV releases, international expansion
In This Article:
Yahoo Finance's Pras Subramanian is Live at the 2024 New York Auto Show, where he is joined by Polestar (PSNY) CEO Thomas Ingenlath to discuss the release of the company's new SUVs, the Polestar 3 and Polestar 4.
Ingenlath describes the Polestar 3 as "the heart of the company," highlighting its "premium performance" capabilities and status as one of the first SUVs in the company's portfolio. Despite being an SUV, he emphasizes that it is "so sporty," which he says is a way to showcase the brand's mission of blending the enjoyment of driving an electric car with the premium segment.
Ingenlath mentions that the Polestar 3 and 4 have received compliments for their design, referring to it as "a great cool Scandinavian look," with ample space in the car, enhanced range, and improved tech features.
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Editor's note: This article was written by Angel Smith
Video Transcript
PRAS SUBRAMANIAN: Welcome back to the New York Auto Show. We are here live with Polestar, the EV company, here with two new cars. CEO Thomas Ingenlath joins us now to discuss. So two very big North American-- North American debut, the Polestar 4, and, of course, the Polestar 3 going on sale soon. Talk to me about this car, Thomas. Why is it so important to the brand?
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THOMAS INGENLATH: Yeah, indeed Polestar 3 is so important because a, it's an SUV. We were, of course, waiting for having an SUV, true SUV in our portfolio. It's as well very much the heart of the company, the premium performance.
We had now journalists driving the car, and they just simply write how much that is a surprise, how a big SUV, as it is, can drive so sporty. That's exactly what our brand is about, bringing that joy and fun of driving of an electric car to that premium segment.
PRAS SUBRAMANIAN: Right. This electric design almost, too. Also, with the Polestar 4, with that kind of swept-back design, everyone's heard about the no rear window, things like that, but it's very cool. What are customers telling you about the Polestar 3 and the Polestar 4? Is there a sort of high demand there for these vehicles?
THOMAS INGENLATH: Well, to start with, everybody is, of course, complimenting us for the design, which I like a lot, because, yes, it's core part of our company to have that great, cool Scandinavian look. Of course, electric cars can be giving you so much space inside. Both cars have an incredible second-row comfort. They have really cool tech in there.
I mean, Google, Android system in our car, the gas system is in both cars, a great benefit for the customers. And of course, range, I mean, we had done great steps in the past. Now these cars with both of them over 100 kilowatt-hours batteries, of course, give you a big, big comfort in terms of range.