Polestar 3 electric SUV orders to open in October, images leaked of sleek Polestar 5

Swedish-based electric automaker Polestar says it will formally launch the Polestar 3 – a fully electric high-end luxury performance SUV – in October this year as part of its plans to roll out a new EV each year.

Polestar has struck immediate success in Australia with the release of its first fully electric car, the Polestar 2 “fastback”, which has been one of the country’s best selling EVs since its release late last year.

Polestar says it is aiming for a 600kms range for the Polestar 3 delivered by a “large” but as yet unspecified battery and a dual-motor drivetrain.

A price has not been revealed but Polestar has previously said it is targeting the “Porsche Cayenne” market, which suggests a price well over $100,000. Customers in “initial launch markets” will be able to order the Polestar 3 from the day of the premiere, but that is not expected to include Australia, which will have to wait for the next round.

“Polestar 3 is the SUV for the electric age,” Thomas Ingenlath, Polestar CEO, said in a statement, which accompanied the first undisguised images of the new SUV.

“Our design identity evolves with this high-end large luxury EV, with a strong, individual brand character. With this car, we bring the ‘sport’ back to the SUV, staying true to our performance roots.”

The Polestar 3 will begin construction in early 2023 in both China and the US, with deliveries expected in Australia later in the year.

The Polestar 3 will be followed by the smaller Polestar 4 electric performance SUV, which is expected to be unveiled in 2023, and the Polestar 5 4-door electric performance GT to be launched in 2024.

Images of the Polestar 5 were leaked earlier this week, with Inside EVs revealing a sleek looking sedan, taking the car beyond the square shaped Polestar 2. It is intended to be the brand’s flagship EV.

Polestar is also aiming to increase its global presence to at least 30 markets by the end of 2023, supporting the company’s plans to grow ten-fold from global sales of approximately 29,000 in 2021 to around 290,000 by the end of 2025. It is currently gearing up for a Nasdaq listing.