Daily Newsletter

25 August 2023

Daily Newsletter

25 August 2023

Polestar reaches 150,000 production milestone

Polestar says the Polestar 2 is significantly upgraded on the earlier model

Dani Cole August 25 2023

Geely-owned Swedish EV maker Polestar has reached a production milestone of 150,000, it said this week.

It comes as the company ramps up volume of the Polestar 2, which the firm says is “significantly upgraded.”

Thomas Ingenlath, Polestar CEO, said: “The upgraded Polestar 2 is the best version to date. With improved software, better quality, longer range and faster charging, it is the basis from which we continue to grow our business.”

According to Society of Motor Manufacturers and Traders (SMMT), Polestar has been the fastest growing car brand in the first seven months of 2023, with new vehicle registrations growing by 174%, compared to the same period the previous year.

There are reportedly over 20,000 Polestar 2 cars on the road in the UK, Polestar added.

The Polestar 2 Long range Single motor is now certified for up to 654 km WLTP, and maximum DC charging speed is now up to 205 kW for versions with the new 82 kWh battery.

Polestar also says new motors are more efficient, and a change to rear-wheel drive for single-motor versions and a rear-bias for the dual motor version also means Polestar 2 is 'even more fun to drive, with power delivery benefitting from weight shifting over the driven wheels'.

Tyres and exhaust systems expected to dominate the automotive aftermarket industry

Today’s consumers have a great desire to customize and distinguish their vehicles. The demand for aftermarket extras, including specialized wheels, performance upgrades, interior renovations, audio systems, and aesthetic alterations, has increased owing to this trend. Per GlobalData estimates, the global automotive aftermarket industry will be valued at $677 billion in 2023 and is expected to grow at a CAGR of 5.8% by 2030.

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