Polestar (Nasdaq: PSNY) today presents an updated strategy, as the Company starts its next chapter, with significant changes being made to improve operational, commercial and financial performance.

Swedish electric car maker Polestar has announced it is working on a new car, called the 7, and that it will be produced in Europe.

With the coupe-like Polestar 4 already in production, the manufacturer will likely take a different approach with the Polestar 7.

It'll be the brand’s first vehicle built on the Old Continent, as governments put pressure on Chinese auto production.

T he new Polestar 3 electric SUV is slightly larger than the ubiquitous Tesla Model Y and pretty much the same size as the 2026 Rivian R2, but the trio will naturally be cross-sho

Polestar didn't share any timeline on when the new 7 will arrive or many other details, besides that it's a "a premium compact SUV". It will be built in Europe and move the brand