The use of Luminar’s LiDAR technology in the vehicle is particularly notable, as it is a key step towards developing fully autonomous driving capabilities. The brand’s commitment to advanced technology and sustainable driving is reflected in the Polestar 3’s features, which aim to provide a premium driving experience while also prioritizing the environment. The SUV has been tailor-made for the market, and its introduction is expected to further boost company’s sales and growth. The Polestar 3 was unveiled with coast-to-coast events in North America, emphasizing the importance of the North American market to the brand. The company plans to develop the network to approximately 40 Retail Spaces by the end of the year, which will geographically cater to 77% of the addressable EV market. In preparation for the launch of the Polestar 3, the brand’s network of retail “Spaces” has expanded, with 28 locations currently in operation across the United States. The SUV will also be the first vehicle to be delivered with Luminar’s technology, which will help prepare for future autonomous driving.
POLESTAR LUMINAR UPDATE
Among its features are a Dolby ATMOS sound experience with 25 Bowers & Wilkins speakers, the first generational update to Google’s native infotainment system, and LiDAR from Luminar. The Polestar 3, which doubles the brand’s model range, boasts class-leading technology combined with a beautiful design.
The vehicle will be manufactured in South Carolina and is set to become the second phase of company’s commercial growth, following a record year of sales and deliveries in 2022. Polestar Automotive USA, the electric performance brand, has recently unveiled its latest addition to its line-up, the Polestar 3, an SUV designed to cater specifically to the North American market.
Besides launching Polestar 3, the company is also scaling its retail spaces and launching a certified pre-owned program to cater to the growing EV market. I merely want to bring to your attention the pulse of the Polestar community.Polestar 3 SUV to be built in the United States. Your time is limited but your insight reaches an audience. I learned today he was terminated following raising these specific issues. Including a California based CFO who ran 2 franchises selling Polestar's spoke with CEO Thomas Ingenlath directly while touring their studio. It is reaching a point where even avid PSNY supporters are beginning to notice something is amis and posting obvious news reel issues. Please know I am a Polestar investor and have actively reached out to Investor Relations with little response. The latest report concerning Polestar and Luminar Technology was initiated By LAZR. Whereby volume is minimal and share price is manipulated. There is a story here that I believe is starting to take root on Twitter and likely to hit YouTube by PSNY enthusiast who are beginning to ask why Polestar is being willfully ignorant or intentionally keeping press from hitting the wires. This same issue is on other brokerage accounts as well. For example, the last official news headline to hit the E-Trade brokerage firm was January 9, 2023.
Clark, I'm interested to hear your thoughts on why Polestar is seemingly opting out of press relations on a whole.
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