Polestar, the premium electric performance car maker, today
opened a new retail location – known as a Polestar Space – in
Scottsdale, Arizona. The new showroom offers sales, service, and
test drives of the all-electric Polestar 2 performance fastback.
Polestar Scottsdale is located in the Scottsdale Fashion Square
Mall at 7014 East Camelback Road, and is operated by Courtesy
Automotive.
As the company’s first retail location in Arizona, Polestar
Scottsdale gives ‘Valley of the Sun’ residents the opportunity to
experience Polestar vehicles first-hand and learn more about them
from Polestar Specialists in an avant-garde setting. As part of the
brand’s innovative retail model, Polestar 2 vehicles can be ordered
online at https://www.polestar.com/us/polestar-2/configurator/ for
home delivery in the greater Phoenix area, or with the help of a
Polestar Specialist at the Scottsdale Space. A test drive can be
coordinated on-site or at a customer’s location of choice via
Polestar.com/test-drive.
“Polestar Scottsdale gives the brand a great presence in the
Southwest. Phoenix is a rapidly growing market, with a 99%
year-over-year increase in EV registrations in 2021,” says Gregor
Hembrough, Head of Polestar North America. “After several months of
operating from a temporary facility, we are thrilled to be in our
permanent home in the greater Phoenix area.”
Arizona, already the 11th largest market in the US for EVs, is
experiencing robust growth, with sales of electric cars up 96%
year-over-year in 2021, according to IHS Markit data.
With an expanding array of customization options for Polestar 2,
Scottsdale-area buyers now have the selection of two motor variants
and three optional equipment packs. Specifically notable for
desert-climate markets is the ability to opt for a full-metal roof,
versus the previously standard full-length glass roof previously
standard. The single-motor Polestar 2 has an EPA-estimated range of
up to 270 miles* and starts at $45,900, both the longest-range and
the least expensive model in Polestar’s lineup. The 408-hp
dual-motor variant starts at $49,900.
“We are excited to move Polestar Scottsdale into its permanent
‘Space’ within Scottsdale Fashion Square among some of the world's
leading luxury brands,” said Jason Church, Chief Operating Officer
of Courtesy Automotive Group. “For customers who don’t want or need
to come visit our new Space, Polestar Specialists will deliver a
vehicle to the customer's location for a test drive, and cars can
be purchased through Polestar.com. Polestar 2 EVs are readily
available through Polestar Scottsdale.”
Customers living within 150 miles of Polestar Scottsdale can
have their Polestar vehicle retrieved and returned for servicing
free of charge, enabling a convenient Polestar ownership experience
without being troubled by vehicle service appointments. This
encompasses the entire ‘Valley of the Sun’ area of greater Phoenix
as well as the Tucson market.
For those living further than 150 miles from Polestar
Scottsdale, Polestar offers a mobile service program in which a
Polestar-trained technician will travel to the owner’s location for
minor repairs or software updates. Mobile service can be requested
by contacting Polestar Support 24/7 via phone at 800-806-2504 or at
polestar.com/contact.
Polestar Scottsdale is only the next in a rapid expansion of the
brand’s retail network of Spaces, with the goal of 35 locations
across the U.S. and Canada by the end of 2022.
This expansion continues to strengthen Polestar’s position ahead
of its proposed business combination with Gores Guggenheim, Inc.
(Nasdaq: GGPI, GGPIW and GGPIU), which is expected to close in the
first half of 2022.
*This is an electric vehicle. Since electricity is not measured
in gallons, a conversion factor is used to translate the fuel
economy into miles per gallon of gasoline equivalent (MPGe).
Polestar 2 Long range Single motor is EPA-estimated 113 city/100
highway/107 combined MPGe. Use for comparison purposes only. Your
MPGe will vary for many reasons, including but not limited to,
driving conditions, how and where you drive, how you maintain your
vehicle, battery-package/condition, and other factors. See
www.fueleconomy.gov
About Polestar
Polestar was established as a new, standalone Swedish premium
electric vehicle manufacturer in 2017. Founded by Volvo Cars and
Geely Holding, Polestar enjoys specific technological and
engineering synergies with Volvo Cars and benefits from significant
economies of scale as a result.
Polestar is headquartered in Gothenburg, Sweden, and its
vehicles are currently available and on the road in markets across
Europe, North America, China and Asia Pacific. By 2023, the company
plans that its cars will be available in an aggregate of 30
markets. Polestar cars are currently manufactured in two facilities
in China, with additional future manufacturing planned in the
USA.
In September 2021, Polestar announced its intention to list as a
public company on the Nasdaq in a business combination agreement
with Gores Guggenheim, Inc. Full information on this definitive
agreement can be found here.
Polestar has produced two electric performance cars. The
Polestar 1 was built between 2019 and 2021 as a low-volume electric
performance hybrid GT with a carbon fiber body, 609 hp, 1,000 Nm
and an electric-only range of 124 km (WLTP) – the longest of any
hybrid car in the world.
The Polestar 2 electric performance fastback is the company’s
first fully electric, high volume car. The Polestar 2 model range
includes three variants with a combination of long- and standard
range batteries as large as 78 kWh, and dual- and single-motor
powertrains with as much as 300 kW / 408 hp and 660 Nm.
In the coming three years, Polestar plans to launch one new
electric vehicle per year, starting with Polestar 3 in 2022 – the
company’s first electric performance SUV. Polestar 4 is expected to
follow in 2023, a smaller electric performance SUV coupe.
In 2024, the Polestar 5 electric performance 4-door GT is
planned to be launched as the production evolution of Polestar
Precept – the manifesto concept car that Polestar released in 2020
that showcases the brand’s future vision in terms of design,
technology, and sustainability. As the company seeks to reduce its
climate impact with every new model, Polestar aims to produce a
truly climate-neutral car by 2030.
About Gores Guggenheim, Inc.
Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU) is a
special purpose acquisition company sponsored by an affiliate of
The Gores Group, LLC, founded by Alec Gores, and by an affiliate of
Guggenheim Capital, LLC. Gores Guggenheim completed its initial
public offering in April 2021, raising approximately USD 800
million in cash proceeds for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. Gores Guggenheim's strategy is to identify and complete
business combinations with market leading companies with strong
equity stories that will benefit from the growth capital of the
public equity markets and be enhanced by the experience and
expertise of Gores' and Guggenheim’s long history and track record
of investing in and operating businesses.
Forward-Looking Statements
Certain statements in this press release (“Press Release”) may
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financial or operating performance of Gores Guggenheim, Inc.
(“Gores Guggenheim”), Polestar Performance AB and/or its affiliates
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vehicle charging networks to provide charging solutions for its
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its brand and capture additional market share, and the risks
associated with negative press or reputational harm, including from
lithium-ion battery cells catching fire or venting smoke; (16)
delays in the design, manufacture, launch and financing of the
Company’s vehicles and the Company’s reliance on a limited number
of vehicle models to generate revenues; (17) the Company’s ability
to continuously and rapidly innovate, develop and market new
products; (18) risks related to future market adoption of the
Company’s offerings; (19) increases in costs, disruption of supply
or shortage of materials, in particular for lithium-ion cells or
semiconductors; (20) the Company’s reliance on its partners to
manufacture vehicles at a high volume, some of which have limited
experience in producing electric vehicles, and on the allocation of
sufficient production capacity to the Company by its partners in
order for the Company to be able to increase its vehicle production
capacities; (21) risks related to the Company’s distribution model;
(22) the effects of competition and the high barriers to entry in
the automotive industry, and the pace and depth of electric vehicle
adoption generally on the Company’s future business; (23) changes
in regulatory requirements, governmental incentives and fuel and
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relating to its initial public offering (File No. 333-253338)
declared effective by the SEC on March 22, 2021, and other
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Additional Information
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Guggenheim, Inc., 6260 Lookout Rd., Boulder, CO 80301, attention:
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version on businesswire.com: https://www.businesswire.com/news/home/20220413005006/en/
For inquiries regarding Polestar: Bojana Flint Polestar
(Investor Relations) bojana.flint@polestar.com Jonathan Goodman
Polestar jonathan.goodman@polestar.com Andrew Lytheer Polestar
andrew.lytheer@polestar.com John Paolo Canton Polestar
jp.canton@polestar.com Donny Nordlicht Polestar
donny.nordlicht@polestar.com For inquiries regarding The Gores
Group and affiliates: Jennifer Kwon Chou Managing Director The
Gores Group jchou@gores.com John Christiansen/Cassandra Bujarski
Sard Verbinnen & Co GoresGroup-SVC@sardverb.com
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