Polestar Sets Summer Date For The 5 And Confirms A New SUV

Polestar confirmed on February 18 that the 884-horsepower Polestar 5 will reach customers this summer. The announcement came during a strategy update that also placed a new compact SUV, the Polestar 7, on the roadmap for 2028. This ends a development cycle for the brand’s halo GT that has tested the patience of deposit holders.

The Polestar 5 is the production version of the Precept concept shown years ago. It sits on a bonded aluminum platform and targets the Porsche Taycan. The dual-motor powertrain produces 650 kW (884 hp) in its most potent form. European pricing starts at €119,900, which puts it squarely in six-figure territory for other markets. You are paying for performance and a design that refuses to compromise, including the omission of a rear window. A camera feed replaces the glass. I have said before that relying on cameras for rear visibility introduces unnecessary points of failure. Polestar seems committed to the bit for its flagship.

The company also announced a new variant of the Polestar 4 arriving in the fourth quarter of 2026. This is not just a trim level change. It is an estate version, designed to merge the cargo space of a wagon with the ride height of an SUV. The most important detail is the glass. Unlike the standard Polestar 4 coupe-SUV, this estate variant appears to feature a traditional rear window. This suggests the company is listening to feedback from practical buyers who prefer optical glass over digital screens.

Polestar needs this wagon to work. The brand is targeting low double-digit volume growth in 2026. That is a conservative target coming off a reported 34% global sales increase in 2025. The market for high-end electric vehicles is cooling. Expanding the portfolio into traditional segments like wagons—a format Sweden is famous for—is a logical move to stabilize volume.

The update also clarified the future of the Polestar 2. A next-generation successor is scheduled for early 2027. The current model has sold over 190,000 units and serves as the foundation of the brand’s revenue. Replacing it is high risk. If they mess up the pricing or the packaging on the successor, the cash flow that funds projects like the Polestar 5 dries up.

Then there is the Polestar 7. Confirmed for 2028, this compact SUV will enter the largest EV segment in Europe. It will likely compete with the BMW iX1 and the Volvo EX40. CEO Michael Lohscheller stated the car will be built in Europe and offered at a “very attractive price point.” That usually means it will share a platform with a Geely or Volvo cousin to keep costs down. It is two years away. A lot can happen to battery prices and tariffs in two years.

The company is expanding its retail network by 30% this year to support these launches. They are moving away from the pure direct-to-consumer model in favor of more partner dealers. Cars need to be on lots for people to buy them. The pure online model works until you have inventory to clear.

Polestar is attempting to transition from a one-car brand to a five-car lineup in the span of three years. The Polestar 5 proves they can build a halo car. The Polestar 7 will prove if they can build a business.