Polestar to market Precept electric sedan in 2024 with new name – TechCrunch

The Polestar Precept sedan – the concept vehicle turned production project – has a new name and an official launch date. The company, the electric performance brand spun off from Volvo Car Group, has dubbed the shark-nosed sedan Polestar 5 and announced that it will go into production in 2024.

When Polestar first unveiled the Precept in early 2020, it was seen as a mere concept car, albeit strikingly intended to indicate where this new venture was headed. In September of the same year, Polestar announced that the Precept would go into production. At the time, Polestar had not indicated when this could happen beyond a “before 2025” wave.

Since then, Polestar has released teasers and a few details of its Precept sedan, including a few YouTube videos meant to give an overview of the overall design, development and possibly the production process. Polestar’s latest video focuses on what inspired the exterior design.

The video spends most of its nearly 4-minute time with Nahum Escobedo, Precept’s exterior design manager. So what inspired the crisp exterior lines? Sharks and planes – at least in part, Escobedo said.

precept polestar 5

Image credits: Polestar / screenshot

“For this project, we also wanted something very elegant, but also something that has a certain speed,” he says in the video. “So for me the shark had this certain feeling. “

The dramatic rear of the Polestar 5 shows off the long aerodynamic blade lumen, another initial design feature that seems to persist for the production version.

precept polestar 5

Image credits: Polestar / screenshot

Polestar hasn’t shared any specs like battery life or powertrain in this new video. We know it will follow the Polestar 3, an all-electric SUV, which is slated to go into production in 2022.

Polestar’s first production vehicle was the Polestar 1 plug-in hybrid grand tourer. The Polestar 2 all-electric sedan followed in 2020. No word yet on what Polestar 4 is – assuming the company will continue with the digital nomenclature.

The latest glimpse of Polestar 5, the electric vehicle formerly known as Precept, follows two major expansions and financial moves by the company earlier this year. Polestar announced in late September that it had reached a deal to go public through a special-purpose merger and acquisition with Gores Guggenheim Inc. in a deal that is expected to value the combined company at $ 20 billion. Once the merger is completed, the amalgamated company will be owned by a new public company named Polestar Automotive Holding UK Limited. The company is expected to be listed on the Nasdaq under the ticker symbol “PSNY”.

In June, the company announced that it would manufacture the Polestar 3 in the United States. The Polestar 3 will be assembled at a factory shared with Volvo Cars at a plant in Ridgeville, South Carolina. Production of Polestar 3 is expected to begin globally in 2022.

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