That merger is expected to close вЂњin the first half of 2022,вЂќ after which Polestar will be a publicly traded company. Polestar recently announced plans to go public by merging with a special purpose acquisition company, or SPAC. Volvo, which jointly owns Polestar along with its parent company Geely, has said that it will roll out a hands-free highway driving feature as part of its next big platform update, the Scalable Product Architecture (SPA2), which will arrive with the next-generation XC90 SUV and the Polestar 3 in 2022. That will be thanks to the inclusion of a lidar sensor from supplier Luminar, which is also providing components for hands-free highway driving to Volvo, as well as Nvidia, which will provide the on-board computing hardware. In addition to being a higher-riding vehicle than the Polestar 2 fastback sedan, the Polestar 3 will also include a partially autonomous driving system for highway driving. Notably, the Polestar will be assembled at VolvoвЂ™s factory in Charleston, South Carolina, giving it the distinction of being the companyвЂ™s first EV made on US soil.ДЄt launch, the Polestar 3 will sport a dual-motor drivetrain and a large battery, with a range target of over 372 miles (600 km). When it comes out, it will slot into the premium category, putting it in competition with EVs like the Tesla Model X, Audi E-tron, Mercedes-Benz EQE, Rivian R1S, and Fisker Ocean. The Polestar 3 marks PolestarвЂ™s attempt to break into the highly competitive and highly lucrative SUV market in the US. It will be PolestarвЂ™s first sport utility vehicle and its first made in the US.

The Polestar 3, the aptly named third vehicle from the electric performance marque, will have its official reveal in October 2022, the company announced.

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