Available on a first-come, first-served basis
GOTHENBURG, SWEDEN: Polestar (Nasdaq: PSNY), the Swedish high-performance electric car company, won an overwhelming reaction in the space booking structure for the Polestar 6 LA Concept edition that was announced on August 16.
Combined with a public premiere of the electric roadster concept in North America at The Quail, A Motorsports Gathering and Pebble Beach Concours d’Elegance in California, the structure’s 500 venues were booked online within a week of the production announcement*.
Al Futtaim Trading Enterprises, Polestar’s exclusive representative in the UAE, has shown a limited allocation for clients in the UAE. Interested consumers can learn more about this opportunity by visiting https://www. polestar. com/en-ae/North Star-6/.
Scheduled for launch in 2026, the Polestar 6 LA Concept Edition is an exclusive initial edition of Polestar 6 that will be available on the exclusive sky blue exterior, and will feature many other key elements, of the Polestar O₂ concept car. the first time in March 2022. Only 500 will be produced.
“The wonderful interest of our consumers shows that an amazing electric roadster like the Polestar 6 has great relevance in the box of sports cars,” said Thomas Ingenlath, CEO of Polestar. “The more electric moonroof combination is obviously the one that appeals to even the toughest tenors. “
In response to the Call for Polestar 6, the company plans to open reservations in structure spaces for normal versions of Polestar 6 later in 2022, which will be produced after the structure of the first 500 cars of the LA Concept edition.
With Polestar 6 now included in its portfolio, Polestar plans to launch four new electric cars within five years, stronger and faster than any other EV startup on the market today. It begins with the global debut of the company’s first electric functionality SUV – Polestar 3 – in October 2022. The Polestar 3 is expected to be followed by the Polestar four-function electric coupe SUV in 2023 and the Polestar 5, the electric function in the four-door GT in the Precept concept car, in 2024.
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*Due to other market configurations, a small number of pre-insured structure locations have been reserved in the allocation of 500 for consumers in Polestar’s import markets (Iceland, United Arab Emirates, Kuwait, Singapore, New Zealand), as well as China and the South. Corea. Se expected local availability in China and South Korea in September 2022.
About Al-Futaim Automotive
Al-Futtaim Automotive, one of the five major operating divisions of the UAE-based Al-Futtaim business organization, is a conglomerate of automotive-related companies, franchising some of the world’s best-known automotive brands and services.
Present in 10 countries in the Middle East, Asia and Africa and with around 9,000 associates, the group’s services, based in the United Arab Emirates, distribution of new and used vehicles, manufacturing, leasing and after-sales.
From passenger cars to SUVs, advertising vehicles, advertising and structural appliances, as well as motorcycles and quads, Al-Futtaim Automotive Group provides a comprehensive customer-centric experience for motorists, fleet operators and contractors, and strives to become the leader in personalization. Tailor-made mobility solutions
About Al-Futtaim Group
Founded in the 1930s as an advertising company, Al-Futtaim is one of the most varied and progressive personal regional companies, headquartered in Dubai, United Arab Emirates.
Structured into five operating divisions; automotive, money services, real estate, retail, and health care; Employing more than 35,000 workers in more than 20 countries in the Middle East, Asia and Africa, we marry more than two hundred of the world’s most admired and cutting-edge brands.
Al-Futtaim’s entrepreneurial spirit and unwavering visitor allow the organization to continue to grow and develop; to satisfy the conversion desires of our consumers within the corporations in which we operate.
Protecting our values of respect, excellence, collaboration, integrity; Al-Futtaim continues to enrich the lives and aspirations of our consumers every day. For more information, visit: www. alfuttaim. com
About North Star
Polestar Automotive Holding UK PLC (Nasdaq: PSNY) (“Polestar”) is a Swedish manufacturer of premium electric vehicles. Founded through Volvo Car AB (publ. ) (with its subsidiaries, “Volvo Cars”) and Zhejiang Geely Holding Group Co. , Ltd (“Geely”), in 2017, Polestar based on express technological and engineering synergies with Volvo Cars and, as a result, significant economies of scale.
Polestar is headquartered in Gothenburg, Sweden, and its vehicles are newly available and in circulation in the European, North American, Chinese and Asia-Pacific markets. By 2023, the company expects its vehicles to be generally available. of 30 markets. Polestar cars are lately manufactured in two factories in China, and further long-term production is planned in the United States.
Polestar produced two cars with electric functionality. The Polestar 1 built between 2019 and 2021 as a hybrid GT with low-volume electric functionality with car carbon fiber body, 609 hp, 1000 Nm and an electric-only diversity (WLTP) of 124 km, the longest of any hybrid car in the world. in the moment.
The Polestar 2 fastback with electric functionality is the company’s first high-volume all-electric car. The diversity of styles of the Polestar 2 includes 3 variants with a combination of popular and long-diversity batteries of up to 78 kWh, and two- and one-engine propulsion systems. with up to 300 kW / 408 hp and 660 Nm.
Starting in 2022, Polestar plans to launch a new year-consistent electric vehicle, with Polestar 3, the company’s first consistent high-performance electric SUV debuting in October 2022. Polestar four is expected to remain in 2023, a smaller capable electric SUV coupe.
In 2024, the electric functionality of 4-door Polestar five GT is expected to be presented as a component of the production evolution of Polestar Precept, Polestar’s manifest concept car launched in 2020 that presents the brand’s long-term vision in terms of design, generation and sustainability. As the company looks to reduce its impact on the climate with each new model, Polestar aims to produce a truly climate-neutral car by 2030.
In early March 2022, Polestar unveiled its concept car moment, an electrically functional roadster that builds on Precept’s design, generation and sustainability ambitions and presents the brand’s vision for long-life sports cars. The hardtop convertible features an evolution of the unique design language first introduced. through Precept and commitment to a dynamic driving experience. The extra concept develops sustainability and generation, aiming at greater circularity.
Forward-Looking Statements
Certain statements in this press release (“Press Release”) may be considered “forward-looking statements” as explained in the Private Securities Litigation Reform Act of 1995. or the operational functionality of L’Etoile polaire. For example, projections of revenue, volumes and other monetary or operating measures are forward-looking statements. “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “search”, “long execute”, “propose” or “continue”, or the refusal of those terms or their diversifications or similar terminology. These forward-looking statements are subject to risks, uncertainties and other points that may also cause actual effects to differ materially from those expressed or implied through such forward-looking statements.
These forward-looking statements are based on estimates and assumptions that, while believed to be conservative throughout Polestar and its control, as applicable, are inherently uncertain. Factors that may also cause actual effects to differ greatly from existing expectations include, but are not limited to: (1) Polestar’s ability to enter into agreements or partnerships with its strategic partners Volvo Cars and Geely and to enter into new agreements or associations; (2) Polestar’s ability to maintain relationships with its existing suppliers, seek new suppliers for its critical parts, and complete its supply chain structure, while well managing the hazards arising from such relationships; (3) Polestar’s reliance on its partnerships with vehicle charging networks for charging answers for its cars and its strategic partners to service its cars and its embedded software; (4) Polestar’s reliance on partners to manufacture large-scale automobiles, some of which have limited involvement in the production of electric vehicles, and the allocation of sufficient production capacity to Polestar through its partners so that Polestar can develop its vehicle production capabilities; (5) festival, Polestar’s ability to expand and manage expansion profitably, maintain relationships with visitors and suppliers, and retain its control and key employees; (6) Polestar’s earnings and expense estimates; (7) load buildups, supply outages or curtain shortages, addition of lithium-ion cells or semiconductors; (8) the option that Polestar will be adversely affected by other economic, commercial and/or competitive factors; (9) the effects of festivals and major barriers to entry in the automotive industry, and the speed and intensity of electric car adoption at times on Polestar’s long-term business; (10) adjustments in regulatory requirements, government incentives, and fuel and energy prices; (11) the final results of any legal proceedings that might be brought against Polestar or others; (12) ability to meet inventory exchange directory standards; (13) hazards related to adjustments in applicable laws or regulations and Polestar’s foreign operations; (14) Polestar’s ability to identify its logo and capture greater market share, and the risks related to negative press or reputational damage, by adding lithium-ion battery cells that ignite or release smoke; (15) delays in the design, manufacturing, launch and financing of Polestar automobiles and Polestar’s reliance on a limited number of vehicle models to generate revenue; (16) Polestar’s ability to continually innovate, expand and bring new products to market on a timely basis; (17) dangers related to long-term market adoption of Polestar’s offerings; (18) hazards related to Polestar’s distribution model; (19) the effect of the global COVID-19 pandemic, inflation, interest rate adjustments, the ongoing standoff between Ukraine and Russia, supply chain disruptions and logistics restrictions on Polestar, operational effects Polestar forecasts, monetary or other functionality and operational measures, or any of the foregoing; and (20) other dangers and uncertainties set forth in the segment entitled “Risk Factors” and “Caution Regarding Forward-Looking Statements” of Polestar’s Form 20-F, and other documents filed or to be filed with the SEC through Polestar. There may be additional hazards that Polestar is not aware of or that Polestar believes are not curtains that may also cause actual effects to differ from those contained in forward-looking statements.
Nothing in this press release should be construed as representing through any of whatsoever the forward-looking statements set forth herein will be known or that any of the intended effects of such forward-looking statements will be achieved. forward-looking statements, which refer only to the date on which they are made. Polestar assumes no legal responsibility to update those forward-looking statements, even if new data is obtained in the future.
Hicham Younis Marketing Communications Manager Hicham. younis@alfuttaim. com Visit: Facebook www. polestar. com/en-ae/: www. facebook. com/PolestarCars
Tony Sidgwick Account Manager at Gambit Communications tony@gambit. ae
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