Polestar went public last summer after combining with a SPAC, or special purpose acquisition company. The stock was traded on the Nasdaq under the ticker name $PSNY.
Polestar has only produced two cars so far: the $155,000 hybrid coupe Polestar 1 (which is no longer in production) and the Polestar 2 sedan. In addition to the Polestar 3, the firm intends to release a small SUV (the Polestar 4) in 2023 and a sports sedan (née Precept) in 2024. The business also revealed a sleek roadster prototype dubbed the Polestar O2, which will become the Polestar 6, as well as a limited production version of the Polestar 2.
