Polestar Automotive Holding UK Ltd
PSNY
shares soar as the company unveils the commencement of production for Polestar 4.

What’s the Buzz: Polestar officially heralded the start of production for the Polestar 4 vehicle. The very first one has swiftly rolled off the assembly line at the Hangzhou Bay factory, which is vigorously powered by renewable electricity, showcasing Polestar’s commitment to sustainable innovation. The Polestar 4 is set to make history with the lowest carbon footprint of any Polestar car at its launch.

“The inaugural production of the Polestar 4 today marks the culmination of resolute dedication and unwavering partnerships,” expressed Thomas Ingenlath, CEO of Polestar.

“The Polestar 4 captivates with its remarkable blend of design and performance, setting new standards as a breathtaking SUV coupé. Notably, it proudly stands as the first Polestar to feature a virtual rear window alongside a world-class digital rear-view mirror.”

Polestar has also revealed plans for additional manufacturing in Busan, South Korea, with a specific focus on the local market and export to North American markets, all set to commence in the latter half of 2025.

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PSNY Price Rally: Polestar shares dominated the charts, climbing 4.6% to reach $2.27 at the time of this publication, solidifying its position in the industry, as confirmed by Benzinga Pro.

Image courtesy: Polestar.