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Polestar 3 all-electric SUV unveiling: 379-mile WLTP range, 517 horsepower, 111 kWh battery

Credit: Polestar

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Polestar has unveiled its all-electric SUV, named the Polestar 3, aiming to enter a highly-competitive market and outpoint potential competitors with comparable offerings, including Tesla, Ford, Rivian, and others. Electric vehicle offerings are becoming more plentiful, and Polestar is attempting to capture a considerable portion of the market by offering a quality design, comparative performance, and a competitive range rating.

Polestar launched the Polestar 3 on Wednesday at an unveiling event held in Copenhagen, Denmark. Owned by Geely Motors and Volvo, Polestar has offered the Polestar 2 for nearly two years, with the 4, 5, and 6 vehicles all currently under development. The automaker has shared the Polestar 3 concept images on several occasions, but this is the first time people are seeing the launch of the vehicle directly from the company in a live setting.

“Polestar 3 reimagines the SUV through premium electric performance and innovative, sustainable technology. Changing the automotive landscape while keeping the environment a priority,” Polestar describes the vehicle on its website.

Built in the United States for U.S. Customers

There’s been a lot of talk about electric vehicles and production inside the United States as the Biden Administration has launched several large bills to incentivize not only domestic EV production but also the purchase of EVs by consumers. However, Polestar committed long ago to building the Polestar 3 in the United States, committing to the strategy in June 2021.

“We will build in America for Americans,” Polestar CEO Thomas Ingenlath said last year. “Polestar 3 is planned to be launched in 2022 as a premium electric performance SUV that will define the look of SUVs in the electric age. It will also be the first Polestar vehicle to be built in America.”

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The Polestar 3 will be built at the Volvo Cars plant in Charleson, South Carolina, and is intended to be one of the most climate-responsible cars ever built.

“Polestar 3 is a powerful electric SUV that appeals to the senses with a distinct, Scandinavian design and excellent driving dynamics,” Ingenlath, said while reaffirming Polestar’s plans to build the car in the U.S. “It takes our manufacturing footprint to the next level, bringing Polestar production to the United States. We are proud and excited to expand our portfolio as we continue our rapid growth.”

Next-Gen EV Architecture crafted by Volvo

The Polestar 3 has been Volvo’s introduction to the development of EV architecture. Polestar said the Polestar 3’s new, next-generation architecture has been designed from scratch for full electrification. Supported by Google’s Android Automotive OS infotainment system and featuring high-end, safety-focused autonomous driving features, Polestar intends to launch state-of-the-art and completely unique EV tech, starting with the Polestar 3 in specific.

Focusing on safety and ADAS tech in the Polestar 3

Polestar 3 offers five radar modules, five external cameras, and twelve ultrasonic sensors, enabling advanced safety features. The SmartZone and front aero wing continuously collect information through forward-facing sensors, a heated radar module, and camera. Polestar now says that this is a “signature” of the company’s design.

In the cabin, Polestar has two closed-loop driver monitoring cameras that will track the driver’s eyes to emphasize safer driving. “The cameras monitor the driver’s eyes and can trigger warning messages, sounds and even an emergency stop function when detecting a distracted, drowsy or disconnected driver,” Polestar said.

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111 kWh battery pack, 379-mile WLTP-rated range, heat pump

Polestar 3 will pack a 111 kWh battery pack offering a generous but preliminary range rating of 379 miles rated by the WLTP. Expect this number to be lower when the EPA tests the vehicle, which has not happened quite yet, according to the agency’s Vehicle Database.

Polestar’s 111 kWh battery pack features prismatic cells housed in a protective aluminum case, reinforced by boron steel and liquid cooling. Polestar also made a heat pump standard on the Polestar 3, helping with efficiency and range degradation, especially in colder climates.

Polestar 3 Order Availability, optional Pilot Pack with LiDAR from Luminar

Polestar said the Polestar 3 will be available for order today. Polestar 3 orders with an optional Pilot Pack with LiDAR from Luminar will be available from Q2 2023. This package adds a supplemental control unit from NVIDIA, three more cameras, four ultrasonic sensors, and cleaning for both front and rear-view cameras. “This enables enhanced 3D scanning of the car’s surroundings in greater detail and helps prepare the car for autonomous driving,” Polestar said.

Production to begin in China, Q4 2023 Deliveries

Initial production will start at Volvo’s facility in Chengdu, China, in an incremental ramp-up phase, Polestar said, which is set to begin in mid-2023. Its launch price is €89,990 ($87,110). The first deliveries will take place in Q4 2023.

Volvo’s Ridgeville, South Carolina facility will build the vehicle to supply North American and other markets. Production will switch from China to the United States, and initial deliveries of units produced in South Carolina will begin in mid-2024.

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Waymo temporarily halts service in select San Francisco and LA areas amid protests

The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.

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Credit: ABC7/YouTube

Waymo, Alphabet’s autonomous vehicle subsidiary, has suspended its driverless taxi operations in parts of Los Angeles and San Francisco amid violent protests linked to U.S. Immigration and Customs Enforcement (ICE) raids in the state. 

The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.

Waymo Catches Strays Amid Anti-ICE Protests

Protests erupted in Los Angeles and San Francisco in response to the Trump administration’s immigration raids, which ultimately resulted in California Governor Gavin Newsom calling the White House’s deployment of National Guard troops unconstitutional. 

Amidst the protests, images and videos emerged showing several Waymo robotaxis being defaced and destroyed. At least five Waymo robotaxis ended up being caught in the crossfire, and at least one vehicle ended up being burned to the ground. 

The incident resulted in the Los Angeles Police Department advising people to avoid downtown areas due to toxic fumes from the robotaxis’ burning lithium-ion batteries. As noted in a KRON4 report, Waymo ultimately halted service in affected areas “out of an abundance of caution.”

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Robotaxi Sentiments

The cost of the attacks is notable. Each Waymo robotaxi is valued between $150,000 and $200,000, per a 2024 Wall Street Journal report. Interestingly enough, this is not the first time that Waymo’s robotaxis ended up on the receiving end of angry protesters. On February 24, a Jaguar I-PACE robotaxi was set ablaze and vandalized by a crowd in San Francisco. Videos taken at the time showed a mob of people attacking the vehicle. 

Despite the recent attacks on its robotaxis, Waymo has stated it has “no reason to believe” its vehicles were specifically targeted during the protests, as per a report from The Washington Post. A company spokesperson also noted that some of the Waymo robotaxis that were defaced and destroyed during the violent demonstrations had been completing drop-offs near the protest zones.

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Investor's Corner

xAI targets $5 billion debt offering to fuel company goals

Elon Musk’s xAI is targeting a $5B debt raise, led by Morgan Stanley, to scale its artificial intelligence efforts.

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(Credit: xAI)

xAI’s $5 billion debt offering, marketed by Morgan Stanley, underscores Elon Musk’s ambitious plans to expand the artificial intelligence venture. The xAI package comprises bonds and two loans, highlighting the company’s strategic push to fuel its artificial intelligence development.

Last week, Morgan Stanley began pitching a floating-rate term loan B at 97 cents on the dollar with a variable interest rate of 700 basis points over the SOFR benchmark, one source said. A second option offers a fixed-rate loan and bonds at 12%, with terms contingent on investor appetite. This “best efforts” transaction, where the debt size hinges on demand, reflects cautious lending in an uncertain economic climate.

According to Reuters sources, Morgan Stanley will not guarantee the issue volume or commit its own capital in the xAI deal, marking a shift from past commitments. The change in approach stems from lessons learned during Musk’s 2022 X acquisition when Morgan Stanley and six other banks held $13 billion in debt for over two years.

Morgan Stanley and the six other banks backing Musk’s X acquisition could only dispose of that debt earlier this year. They capitalized on X’s improved operating performance over the previous two quarters as traffic on the platform increased engagement around the U.S. presidential elections. This time, Morgan Stanley’s prudent strategy mitigates similar risks.

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Beyond debt, xAI is in talks to raise $20 billion in equity, potentially valuing the company between $120 billion and $200 billion, sources said. In April, Musk hinted at a significant valuation adjustment for xAI, stating he was looking to put a “proper value” on xAI during an investor call.

As xAI pursues this $5 billion debt offering, its financial strategy positions it to lead the AI revolution, blending innovation with market opportunity.

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SpaceX to debut new Dragon capsule in Axiom Space launch

Ax-4’s launch marks the debut of SpaceX’s latest Crew Dragon and pushes Axiom closer to building its own space station.

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(Credit: SpaceX)

Axiom Space’s Ax-4 mission targets the International Space Station (ISS) with a new SpaceX Crew Dragon capsule.

The Axiom team will launch a new SpaceX Dragon capsule atop a Falcon 9 rocket from NASA’s Kennedy Space Center in Florida on Wednesday at 8:00 a.m. EDT (1200 GMT). The Ax-4 mission launch was initially set for Tuesday, June 10, but was delayed by one day due to expected high winds.

As Axiom Space’s fourth crewed mission to the ISS, Ax-4 marks the debut of an updated SpaceX Crew Dragon capsule. “This is the first flight for this Dragon capsule, and it’s carrying an international crew—a perfect debut. We’ve upgraded storage, propulsion components, and the seat lash design for improved reliability and reuse,” said William Gerstenmaier, SpaceX’s vice president of build and flight reliability.

Axiom Space is a Houston-based private space infrastructure company. It has been launching private astronauts to the ISS for research and training since 2022, building expertise for its future station. With NASA planning to decommission the ISS by 2030, Axiom has laid the groundwork for the Axiom Station, the world’s first commercial space station. The company has already begun construction on its ISS replacement.

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The Ax-4 mission’s research, spanning biological, life, and material sciences and Earth observation, will support this ambitious goal. Contributions from 31 countries underscore the mission’s global scope. The four-person crew will launch from Launch Complex 39A, embarking on a 14-day mission to conduct approximately 60 scientific studies.

“The AX-4 crew represents the very best of international collaboration, dedication, and human potential. Over the past 10 months, these astronauts have trained with focus and determination, each of them exceeding the required thresholds to ensure mission safety, scientific rigor, and operational excellence,” said Allen Flynt, Axiom Space’s chief of mission services.

The Ax-4 mission highlights Axiom’s commitment to advancing commercial space exploration. By leveraging SpaceX’s Dragon capsule and conducting diverse scientific experiments, Axiom is paving the way for its Axiom Station. This mission not only strengthens international collaborations but also positions Axiom as a leader in the evolving landscape of private space infrastructure.

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