Tesla proved that electric cars can be cool and reliable, leading several startup EV companies, including Polestar, to try and replicate its success.
Polestar is an EV-only brand that spun out of Volvo in 2017, with the Polestar 2 being its first mass-market offering, significantly impacting the market.
In 2022, Polestar sold around 51,500 vehicles and continued its growth trajectory in 2023, although it prioritized profitability over rapid expansion.
The Polestar 2 competes directly with Tesla's Model 3, indicating a significant challenge to Tesla's dominance in the electric car market.
Collection
[
|
...
]