Swedish electric car maker Polestar has announced it is working on a new car, called the 7, and that it will be produced in Europe.

The most exciting news to come out of all this is the official announcement of the Polestar 7. This will be a compact, all-electric SUV with predictably upscale trimmings and feat

The automaker didn't provide any updates this time around, but in 2022 it confirmed the Polestar 6 roadster for production in 2026. The timing was still in effect last July, when Polestar showed the Concept BST, which hinted at a spicier version of the convertible sports car.

Polestar CEO Michael Lohscheller has announced that his brand will be taking on the world’s best-selling car, the Tesla Model Y, with a new model that’s expected to go on sale by the end of the decade. To compete head-on with the Model Y, the Polestar 7 would have to come with a starting price at today’s prices in the mid £40,000s.

Polestar will add an electric four-door grand tourer to its lineup later this year, before expanding with another compact SUV later this decade.

Polestar (Nasdaq: PSNY) today presents an updated strategy, as the Company starts its next chapter, with significant changes being made to improve operational, commercial and financial performance.

The Polestar 7 will take on premium compact SUVs like the Porsche Macan. This means the new model will be a stylish, compact, and slightly elevated vehicle joining an extremely competitive segment. While we don't have specific technical details of the upcoming Polestar 7, we are expecting a lot from this new player in the EV game.

It'll be the brand’s first vehicle built on the Old Continent, as governments put pressure on Chinese auto production.

T he new Polestar 3 electric SUV is slightly larger than the ubiquitous Tesla Model Y and pretty much the same size as the 2026 Rivian R2, but the trio will naturally be cross-sho