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.

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.

The Polestar 5 is expected to have a staggering 884 horsepower and 664 pound-feet of torque , enough to keep pace with the Porsche Panamera. Inside, this car will feature components reinforced with sustainable flax fibers and some of the upholstery will be made from recycled PET plastic.

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.

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.

Replacement for Polestar 2 will be less sedan-shaped and built in Europe to avoid import tariffs on cars coming from China

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

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

Polestar may be facing a possible ban in the US, but the Sweden-by-way-of-China manufacturer isn’t going to let that stop it from releasing new products. The company provided a business update on Thursday,

Swedish and Chinese EV automaker Polestar has shared an updated business strategy, looking to 2025 and beyond as its