Polestar Is Bringing Its Electric Precept Sedan to Market in 2024 with a New Name

The Polestar Precept sedan, which began as a concept car and is now a production vehicle, has a new name and a launch date, the shark-nosed sedan has called Polestar 5 and will go into production in 2024, according to the business, which is an electric performance brand set out from Volvo Car Group.

When Polestar originally unveiled the Precept in early 2020, it seen as only a concept car, although a remarkable one intended to highlight the direction in which this new firm was heading. Polestar said the Precept would go into production in September of that year. Polestar did not say when that might happen at the time, only which it would be “before 2025.”

Polestar has been releasing teases and a few facts about its Precept sedan since then, including a number of YouTube films that provide an inside peek at the whole design, development, and, presumably, production process. Polestar’s newest film focuses on the exterior design’s inspiration. The film spends the most of its nearly four-minute runtime with Nahum Escobedo, the Precept’s exterior design manager. Therefore, what was the inspiration for the angular external lines, Sharks and planes, at least in part, according to Escobedo?

“We also wanted something that was really elegant, but still had a certain pace for this project,” he explains in the video. “As a result, the shark gave me a specific sense.” Another early design aspect that looks to be sticking around for the production version is the Polestar 5’s dramatic rear end, which reveals the long aero blade light.

In this new movie, Polestar does not reveal any details about the battery range or the engine. We do know the Polestar 3, an all-electric SUV set to hit the market in 2022, will follow it. Polestar’s first production vehicle was the Polestar 1, a plug-in hybrid grand tourer. In 2020, the all-electric Polestar 2 car will release. There is no news on what Polestar 4 will be, if the firm sticks to the numeral nomenclature.

The new information on Polestar 5, the electric car formerly known as the Precept, comes after the business made two big growth and financial moves earlier this year. 

Polestar stated in late September that it had signed an agreement with Gores Guggenheim Inc. to go public via a merger with special purpose acquisition, valuing the merged business at $20 billion. The merged firms will controlled by a new public company called Polestar Automotive Holding UK Limited after the merger is completed. The firm will most likely be listed on Nasdaq under the ticker “PSNY.”

The Polestar 3 will manufacture in the United States, the business said in June. The Polestar 3 will build in Ridgeville, South Carolina, at a site shared with Volvo Cars. Polestar 3 is set to begin production in 2022 across the world.