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Polestar is Turning Heads with Exciting Lineup of Electric Vehicles Ahead

Polestar is the independent Swedish premium electric performance car brand founded by Volvo Cars and Geely Holding. Polestar takes advantage of its partnership with Volvo Cars and benefits from significant economies of scale as a result.

The electric vehicle manufacturer is headquartered in Gothenburg, Sweden, and retails its vehicles in ten global markets across Europe and North America and in China.

polestar logo
Polestar
Founded:1996
CEO:Thomas Ingenlath
Employees:800
Headquarters:Gothenburg, Sweden
Manufacturing:Chengdu, China
IPO:TBD
Models:Polestar 2
Federal Tax Credit Eligibility:Yes
Polestar Facts

Polestar Mission Statement

We aim to improve the society we live in by accelerating the change to sustainable mobility.

Polestar commitment

History of Polestar

The history of Polestar goes back to 1996, where a company called Flash Engineering competed in Swedish Touring Car Championship (STCC) as a Swedish racing team. Polestar Racing later purchased and rebranded the team and began engineering their own racing Volvos in the late 2000s. Eventually, Volvo bought the company and brand in 2015, when Polestar became the performance team for Volvo.

A History of Performance and Racing

Up until 2009, Polestar was heavily involved in racing. But, in 2006, Polestar began to branch out from racing and began helping Volvo train their new mechanics. They also created training equipment for mechanic schools. In 2007, Polestar began supplying Volvo cars to schools and helping introduce new business methods to dealers.

In 2008, Volvo asked Polestar to develop the model C30 into a race-worthy vehicle. The vehicle didn’t break any records in the STCC season, but this marked the beginning of a new era for Polestar’s relationship with Volvo. Polestar officially left the race scene in 2009 and shifted its focus to performance upgrades for civilian Volvos.

Polestar 1 – A New Beginning

Polestar got its start in the electric vehicle space with its plug-in hybrid luxury sports car, named Polestar 1. The hybrid was based on the 2013 Volvo Concept Coupe and is Polestar’s first production model as a car company. It entered production in 2019 after being announced in Beijing in 2017.

2021 will be the last year for the luxury hybrids as Polestar looks ahead to a future of all-electric vehicles for the Swedish manufacturer.

Polestar Production Centre in Chengdu, China

polestar production centre
Chengdu, China

The Polestar Production Centre opened in August 2019 in Chengdu, China. The manufacturing plant aims to achieve Gold status in the internationally recognized LEED ratings.

Designed by Norwegian architecture firm Snøhetta, the facility depicts the next level of automotive manufacturing. The plant focuses on energy-efficient buildings, efficient land usage, as well as employee wellbeing.

Where did Polestar get its name?

The team owner, Christian Dahl, changed the name to Polestar to “represent the frozen north of Sweden with the pole star and also playing on the connection to pole position and star of racing.”

Polestar Current and Future Vehicles

Polestar 2

polestar-2-image
The Polestar 2 is a worthy competitor to the Tesla Model 3

The Polestar 2 is Polestar’s first fully electric model. Revealed in February 2019, Polestar 2 is a premium electric vehicle that brings a Swedish style to the compact electric segment.

Polestar 2 Notable Features

  • Price: Starting at $45,900* before Federal Tax Credit Applied
  • Towing Capacity: Up to 2,000lbs
  • Long Range Single Motor: up to 270 miles, 231 hp, 0-60 mph in 7 sec
  • Long Range Dual Motor (+$4,000): up to 249 miles, 408 hp, 0-60 mph in 4.5 sec
  • Infotainment: Google built-in
  • Autopilot: Safety Assistance driver aids

What else is coming for Polestar?

Polestar product range to include 5 EVs by 2024

Polestar O₂

Star in your own movie with the deployable drone in Polestar O₂

The Polestar O2 is an all-electric, performance hard-top convertible that continues on from the Precept concept. It comes with its very own deployable moviemaking drone to capture all your experiences as a driver.

Polestar 3 SUV

Polestar 3 teaser December 2021 | Source: Polestar

The Polestar 3 will be Polestar’s first all-electric and is expected to hit the US market in 2022. The vehicle will be manufactured alongside other Volvo vehicles in Charleston, South Carolina. This shows Polestar’s competitive advantage with significant industrial and financial synergies with Volvo. Polestar COO Dennis Nobelius explains:

Production in the USA reduces delivery times as well as the environmental impact associated with shipping vehicles around the world. It will even have a positive impact on the price of Polestar 3. All of this makes the brand even more competitive in the critical American sales market.

“We will build in America for Americans,” says Thomas Ingenlath, Polestar CEO. “Polestar 3 is planned to be launched in 2022 as a premium electric performance SUV that will define the look of SUVs in the electric age. It will also be the first Polestar vehicle to be built in America.”

Polestar 4

The Polestar 4 will be the company’s second electric SUV released. It is expected to rival the Tesla Model Y as a higher volume coupe-SUV. The Polestar 4 is not expected to reach dealers before late 2023. The expected price is set to begin at around $63,000 USD.

Polestar Precept (Polestar 5)

Polestar Precept and Thomas Ingenlath at Beijing motor show 2020

The Polestar Precept, announced in early 2020 as a concept vehicle, is planned to launch in 2024. We don’t know much about the futuristic concept car, but it will compete with the Porsche Taycan, the Tesla Model S, the Lucid Air, and the Mercedes-Benz EQS.

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Manufacturers

Lucid: The history and future of the luxury EV Tesla competitor

Lucid Logo
Lucid Motors
Founded:2007
Founders:Bernard Tse and Sam Weng
Employees2,000+
Headquarters:Newark, California
Manufacturing:Casa Grande, Arizona
IPO:July 26th, 2021
Models:Air
Federal Tax Credit Eligibility:Yes
Lucid Facts

Lucid Mission Statement

To inspire the adoption of sustainable energy by creating the most captivating electric vehicles, centered around the human experience.

History of Lucid

Lucid began back in 2007 under the name Atieva, and originally focused on developing battery systems and powertrains for various types of electric vehicles.  As Atieva, Lucid valued high performance, safe, and durable batteries for motorcycles, sedans, vans, and buses.  Eventually, it had amassed over 50 patents related to is core battery systems in the US alone.

Formerly Atieva

By 2013, the well-established battery company set its sights on larger goals… building a complete electric vehicle.  Shortly after, in 2014, Lucid secured a 9-digit funding round to push them toward their dream.

Two years later, in 2016, the company officially rebranded itself as Lucid Motors.  That same year, plans were announced to construct Lucid’s $700 million AMP-1 manufacturing plant in Casa Grande, Arizona. 

Throughout the next few years, Lucid focused on building their factory, acquiring additional funding, and engineering and testing of their first vehicle, the Lucid Air. 

Lucid’s AMP-1 Manufacturing Factory

Lucid AMP-1 Factor

Lucid names their flagship factory AMP-1 after the acronym for Advanced Manufacturing Plant. The factory is planned to be developed in phases, where phase 1 completed in November of 2020.  The phased approach and design of the manufacturing plant allows Lucid to scale their factory as demand and production increases, allowing the EV company to meet future demands. 

Planning for phase 2 of the AMP-1 facility is already in progress.  The expansion will provide more real estate for Lucid to build its upcoming Gravity SUV and increase production capacity to 90,000.

Eventually, Lucid plans to have four total phases for its facility in Casa Grande totaling an estimated 5.1 million square feet with an eventual output of 400,000 vehicles per year. 

Lucid Manufacturing

In addition to AMP-1, Lucid also has a powertrain factory a few miles away.  This is where the automaker manufactures other components such as modules, battery packs, inverters, drive units, and wunderboxes (Lucid’s proprietary charging units.)

Production of the all-electric Lucid Air luxury sedans began at AMP-1 in September 2021, with deliveries starting in late October.  Lucid planned to produce 20,000 vehicles in the first year, but that was cut nearly in half due to supply chain issues following the COVID pandemic.

Where did Lucid get its name?

When the EV company began working with Lexicon branding to help find a name to replace former company name Atieva.  The mission was simple: “We don’t want it to sound like a car.” 

Lexicon worked with their internal teams to find the right name for a company whose mission was to “amaze customers through outstanding performance, beauty, space, and intelligence.”  Finally, after reviewing dozens of potential names, the one that stood out the most was Lucid. 

According to Eric Jackson of Lexicon, “The name does everything we wanted… It certainly does not sound like a car, but gives you a sense of innovation and intelligence which is what Atieva is all about.”

Lucid’s Vision

Lucid aims to develop cars that inspire both the heart and the mind, removing the compromise between an extraordinary experience and responsibility for our planet. 

With their first vehicle, the Air, the electric car company is focusing on the high-end electric vehicle category, with luxury features and long-range battery technology.

How many employees does Lucid have?

In 2022, Lucid has over 3,000 employees, according to reports, with that number expected to double by 2024.

Notable Investors

Tsing Capital, Misui, Venrock, JAFCO.

Lucid Current and Future Vehicles

Lucid Air

Lucid Air 2022 Exterior

The first prototype of the Lucid Air was first unveiled in 2016, with production scheduled to being upon completion of the Casa Grande factory.  Eventually, the Air prototype began to turn heads when it beat a Tesla Model S head-to-head in a quarter-mile race, clocking in at 9.9 seconds. 

After years of engineering, the Air earned MotorTrend Car of the Year award in 2022, recognized by its unrivaled combination of efficiency, performance, and luxury with EV powertrain technology developed and manufactured entirely in-house.

Lucid Air 2022

Some notable features that come standard or are optionally available for most Air models:

Design
  • Largest frunk and glass canopy
Performance
  • Up to 1,111 max power
  • Up to 520 miles range
  • DreamDrive advanced driver assistance system
Connectivity
  • 34-inch 5K Glass Cockpit display
  • Over-the-air software updates
  • 21-speaker Surreal Sound system
  • Alexa-enabled voice commands
Charging
  • 20 minutes approximately for 300-mile charge
  • Ultrafast 900V+ charging system
  • 2,400+ chargers through Electrify America
  • Bi-directional charging capabilities
Lucid Air Interior

The Lucid Air will eventually be available in 4 model trims: Dream Edition, Grand Touring, Touring, and Pure. 

Lucid Air Dream Edition

Lucid Motors is no longer taking reservations for the exclusive Dream Edition.  These were limited edition models that came in Performance and Range versions. 

These limited production models celebrate the launch of the Lucid Air — and the start of the Lucid vision for advancing luxury electric vehicles. Lucid claims they may never produce another Lucid Air quite like it but are still accepting reservations for the waitlist.

Lucid Air Grand Touring, Touring, Pure

The Grand Touring is the next highest end version of the Air, followed by the Touring and Pure as the base model.

 Dream PerformanceDream RangeGrand TouringTouringPure
MotorsDual Motor, AWDDual Motor, AWDDual Motor, AWDDual Motor, AWDSingle Motor, RWD
Optional Dual Motor, AWD
Power (Total)1,111 hp933 hp800 hp620 hp480 hp
Torque (Total)1000+ Nm1000+ Nm   
0-60 MPH2.5 seconds2.7 seconds3.0 seconds3.2 secondsN/A
Top Speed168 mph168 mph168 mph  
TiresSpecially developed Pirelli P-Zero:
245/35” (F) and 265/35 21” (R) 19” optional
Specially developed Pirelli P-Zero:
245/45 19” (F&R)
21” optional
21” Aero Blade
20” Aero Lite 19” Aero Range
21” Aero Blade
20” Aero Lite 19” Aero Range
20” Aero Lite 19” Aero Range
System Voltage924V924V   
RangeUp to 471 milesUp to 520 milesUp to 516 milesUp to 406 milesUp to 406 miles
Price$169,000$169,000From $139,000From $95,000From $77,000
*Prices do not include fees, taxes, rebates, federal tax credit, or local/government incentives

Project Gravity

Project Gravity is Lucid’s future luxury SUV and is scheduled to arrive in 2024. Currently, not much is known about the future SUV, but some prototypes and teasers have been released. You can join the waitlist here.

Lucid Project Gravity

What else is Lucid working on?

Batteries

As earlier mentioned, Lucid got its start as a high-performance battery company, helping to give it a head start on the claim for longest range battery for all EVs. 

The Lucid Air is the first electric vehicle to break the 500-mile barrier for EV range, with the EPA giving the official certification in September 2021.  The EPA officially certified ranges of 516 and 520 miles for two “Dream Edition” versions of the 2022 Lucid Air.  

Using a 900-volt battery, while the industry standard had been 400 volts, allowed Lucid to eventually reduce the size and weight of many electrical components, and propel it to the industry leader in range. 

Lucid battery

Charging

Lucid Motors partnered with Electrify America to use their nationwide charging network for recharging Lucid’s electric vehicles.  The Lucid Air can add an impressive 300 miles of distance on a 20-minute charge.  In January 2022, Lucid pleased its customers when it announced an additional 3-year unlimited free charging offer for new Lucid customers, on the Electrify America network.

Lucid History with Saudi Arabia

Going back to September of 2018, when Lucid Motors was still seeking funding to get production going, they announced that they were in talks with the Public Investment Fund of Saudi Arabia (PIF) regarding a funding investment of over $1 billion.

Lucid used this funding to help complete the final engineering and testing of the Lucid Air model, fund the phase 2 of AMP-1, begin commercial production of Lucid Air, and build out their retail strategy.  The deal was completed in April of 2019.

Lucid Motors HQ

The long-term relationship between Lucid and PIF finally materialized into an agreement to begin operations in Saudi Arabia.

Agreements were announced by Lucid in February 2022 to eventually bring their advanced automotive manufacturing to King Abdullah Economic City (KAEC) in Saudi Arabia to address global demand, after years of rumors surrounding Lucid building a plant in Saudi Arabia. 

Lucid plans to establish operations at KAEC for re-assembly of Lucid Air vehicle “kits” that are pre-manufactured at the company’s Casa Grande facility in Arizona, and over time, for production of complete vehicles.  The company plans to manufacture up to 150,000 vehicles per year at the KAEC facility.  Construction is expected to start in early 2022. 

“The U.S. government welcomes Saudi Arabia’s effort to diversify its economy and fight climate change,” said U.S. Chargé d’Affaires Martina Strong, the head of the U.S. Mission to the Kingdom of Saudi Arabia. “This announcement shows it can do both, through partnership and engagement with innovative American companies.”

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Manufacturers

Who is Rivian? Everything You Need to Know About the EV Company

rivian logo
Rivian
Founded:2009
Employees:11,500+
Founder:RJ Scaringe
HeadquartersIrvine, CA
Plants:Normal, IL
*Atlanta, GA coming 2024
IPO:Novermber 10, 2021
Models:R1T
R1S
Rivian Facts

History of Rivian

Rivian

Rivian Mission Statement

Rivian is on a mission to keep the world adventurous forever. We believe there is a more responsible way to explore the world and are determined to make the transition to sustainable transportation an exciting one. We designed our emissions-free Electric Adventure Vehicles to challenge what’s possible.

Who Founded Rivian?

The electric vehicle company, Rivian, was originally founded in 2009 as “Mainstream Motors” by CEO Robert “RJ” Scaringe.  Scaringe, born in 1983, grew up a car enthusiast, restoring cars in his neighbor’s garage.  His father, also Robert Scaringe, is an engineer and founded Mainstream Engineering Corporation.

Rivian CEO RJ Scaringe
Rivian Founder RJ Scaringe

RJ grew up in Melbourne, Florida, graduated college with a bachelor’s in mechanical engineering.  After that, he received a master’s in mechanical engineering at Masachusetts Institute of Technology and then a doctorate in mechanical engineering at MIT’s Sloan Automotive Lab. 

RJ had a passion for the outdoors, as he would drive for miles out into nature to hike. Eventually, he realized he was only contributing to the pollution of the environment he was so passionate about preserving, which resulted into his pursuit into a new EV company, Rivian.

Where did Rivian get its name?

The name Rivian is a play on words, derived from the Indian River in Florida, where RJ spent much of his youth in his rowboat. 

Rivian’s Story

Rivian Cars

Rivian aims to electrify trucks and SUVs, claiming they are often the most-polluting vehicles on the road, and would like to cater to a market who enjoys being active and outdoors, and requires a ride that can handle all types of terrains while hauling gear and loved ones effortlessly.

In 2011, Rivian unveiled it’s first prototype, a sporty coupe, but shortly afterwards, decided to pursue a larger impact on the automotive industry, As a result, they scrapped the coupe.

After that, Rivian began working exclusively on electric autonomous vehicles in 2015 after receiving a large investment from backers.  In 2017, Rivian acquired former Mitsubishi Motors plant in Normal, Illinois. 

Rivian Plant Normal IL
Rivian Manufacturing Plant in Normal, IL

Rivian unveiled the R1T truck and R1S SUV at the LA Auto Show in 2018 with production set to begin in 2020.

How many employees does Rivian have?

Rivian Employees

the EV company Rivian had 250 employees at the start of 2018. Then, that number jumped to 750 by February 2019. In 2022, Rivian employs more than 11,500 employees across facilities in Michigan, Illinois, California and the UK, and is continually looking to bring on new talent.

Notable Investors

Ford Motor Company, Cox Automotive, T. Rowe Price, and Amazon, along with Amazon through its Climate Pledge Fund, a fund that manages their investments for the Climate Pledge Initiative.

What electric vehicles does Rivian produce?

Ford initially invested heavily in Rivian and planned to co-develop an electric vehicle, but that plan ended in 2021, partially due to the pandemic fallout.  Meanwhile, Ford announced they would still retain a 12 percent stake in Rivian.

In comes Amazon

In 2021, Amazon announced that it owned a 22% stake in Rivian.  Additionally, they are working together to build a fleet of electric delivery vans. 

Amazon Delivery Vans

Amazon and EV company Rivian agreed to partner on a contract to produce 100,000 electric vans by 2030.  These vans, with an estimated 200+ mile range, are set to be built exclusively for Amazon.  Amazon expects to have 10,000 electric delivery vans on the road by the end of 2022.  Some have already been spotted out in the wild.

Rivian R1T Pickup Truck

Rivian R1T Pickup Truck
Rivian R1T Truck

The Rivian R1T pickup truck is one of the first electric pickup trucks on the market, with deliveries beginning in 2021. The truck earned Motor Trend Truck of the year honors for 2022.

Battery range is estimated at between 260-400+ miles depending on the battery packs (large or standard) and motor (dual or quad).  

The AWD R1T seats 5 and can tow up to 11,000 lbs, with a 0-60 mph time as quick as 3 seconds depending on configuration

The R1T is made from aluminum alloy, ultra high-strength steel and carbon fiber to give it enhanced safety features and ratings. 

The truck also offers a range of driver assistance features that come standard on every Rivian vehicle. It is also known for it’s ample storage and features, including the much publicized gear tunnel.

Rivian R1T

The truck currently comes in 3 packages, Explore, Adventure, and Launch Edition. But, the Launch Edition reservations are currently closed.  Prices range from $67,500 for the Explore package up to $85,000 or more for the Launch (Price increases announced in March 2022).

Rivian R1S SUV

Rivian R1S
Rivian R1S

The Rivian R1S SUV shares the same proprietary skateboard platform chassis as the R1T, but offers more room for seating and cargo than the R1T.

Battery range is estimated at between 260-320+ miles depending on the battery packs (large or standard) and motor (dual or quad).  

The AWD R1S offers 3 rows of seating for up to 7 passengers, and can tow up to 7,700 lbs, with a 0-60 mph time as quick as 3 seconds depending on configuration

The R1S is made from aluminum alloy, ultra high-strength steel, and carbon fiber, giving it enhanced safety features and ratings.  It also offers a range of driver assistance features that come standard on every Rivian vehicle. 

Rivian R1S

The SUV currently comes in 3 packages, Explore, Adventure, and Launch Edition. But, the Launch Edition reservations are currently closed.  Prices range from $72,500 for the Explore package up to $90,000 or more for the Launch.

What else is Rivian working on?

Rivian is not only focusing on developing vehicles, but also software, charging solutions and services “designed to help increase uptime and lower operating costs while helping businesses achieve ambitious sustainability goals.”

In 2021, the EV company Rivian announced plans to develop a network of public charging stations across the US and Canada by 2023 to compete with Tesla’s supercharger network.  They plan to offer a combination of fast chargers, slower destination chargers, and home chargers.  They are also targeting chargers at various state parks and recreation areas, with some installations already complete in Moab, Utah and Radnor Lake State Park in Tennessee.

Is Rivian planning to expand?

In December 2021, Rivian announced its next manufacturing plant will begin development in Morgan and Walton Counties, east of Atlanta.  Construction begins in summer of 2022, and start of production is slated for 2024. 

Rivian IPO

There have also been rumors in the past of Rivian building a factory in the UK, but those talks have yet to substantiate.  However, it does seem likely a deal will eventually be struck for the EV company Rivian to start a plant in Europe, with multiple countries vying for the EV maker’s factory