2027 Polestar 7 to replace Polestar 2 EV

The 2027 Polestar 7 has been confirmed as a direct replacement for the current Polestar 2 as the Geely-owned Sino-Swedish brand pushes ahead with plans to rapidly expand its EV line-up.

Polestar CEO Thomas Ingenlath confirmed the Polestar 7 move to British outlet Autocar, and although he didn’t confirm timing, the next-generation Tesla Model 3 rival is expected to land in 2027 – seven years after the current model was launched.

Beyond the incoming 2024 Polestar 3 large SUV and Polestar 4 mid-size SUV, the brand is planning to launch the Porsche Taycan-rivalling Polestar 5 performance sedan in 2025.

A hotly-tipped Polestar 6 flagship sports car should then follow in 2026, before the Polestar 7 turns up the following year.

Ingenlath said the Polestar 7 will be “comparably positioned” with the 2, but a radical new design is expected for what is currently a high-riding mid-size sedan.

“As much as we might build a very similar car, because it has a different number we won’t have this natural trap where we’re boxed into that concept of what the car had been,” he told Autocar.

Some pundits have suggested the model could evolve into a sleek, low-slung EV, looking more like a mini-Polestar 5.

Set to be heavily related to the Polestar 4, the new Polestar 7 is primed to sit on an upgraded version of Geely’s Sustainable Experience Architecture (SEA), although considering it’s still years away the powertrain will be all-new and use the car-maker’s latest-generation battery technology.

Since its launch in 2020, the Polestar 2 has attracted more than 150,000 buyers across 26 different markets.

Addressing rumours that Polestar was in financial peril following former owner Volvo reducing its stake in the brand to 18 per cent, Ingenlath said Polestar had already secured the funding from alternative sources that it needed to safeguard its future.

Out of the $US1.3 billion ($A2b) it needed, Ingenlath said $US950 million ($A1.5b) would be sourced in the form of a three-year loan while the car-maker would “manage the last remaining bit”.

Acknowledging the global decline in demand for EVs, Ingenlath said that by not having to chase volume like Tesla and BYD, Polestar would be able to weather the temporary drop-off.

“We aren’t BYD. We aren’t Tesla. We don’t have factories and volumes that go into the millions,” he said.

“We have a very clear premium, luxury target audience and a portfolio that is catered to that. We aren’t in the volume game of the mass market.”

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