Polestar (Nasdaq: PSNY) today presents an updated strategy, as the Company starts its next chapter, with significant changes being made to improve operational, commercial and financial performance.

Swedish electric car maker Polestar has announced it is working on a new car, called the 7, and that it will be produced in Europe.

It'll be the brand’s first vehicle built on the Old Continent, as governments put pressure on Chinese auto production.

Polestar targets a 30-35% sales growth and profitability in 2025, launching the premium compact SUV Polestar 7 in Europe.

T he new Polestar 3 electric SUV is slightly larger than the ubiquitous Tesla Model Y and pretty much the same size as the 2026 Rivian R2, but the trio will naturally be cross-sho

Polestar didn't share any timeline on when the new 7 will arrive or many other details, besides that it's a "a premium compact SUV". It will be built in Europe and move the brand

The new Polestar 7 is described by Lohscheller as a ‘compact SUV’. “We will enter the compact SUV segment, the biggest and fastest-growing segment in the world, and we will obviously make sure it comes with all the Polestar DNA,

Scandi EV brand Polestar has confirmed it will be launching a premium compact SUV EV, joining the fastest growing and most profitable market segment.

The Polestar 7 will be an all-new compact luxury electric SUV, born and built in Europe to take on German rivals.