ArenaEV.com ArenaEV.com

Facebook

Twitter

Instagram

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

Polestar 3 debuts in China with much lower starting price

  • Post your comment

Max McDee, 20 March 2023

Polestar

Polestar’s first electric SUV, th ePolestar 3, was unveiled last year, and while its European and US pricing has been on the more expensive end of this category EVs, its Chinese debut originally came with a shocker.

The company officially announced the pricing of Polestar 3 for China during the car’s global debut last October. The Long Range version was to be priced at RMB 880,000 and the Performance model was meant to come with a RMB 1,030,000 price tag. That’s €120,000 and €140,000 respectively which represents a premium of €45,000 for the Performance model when compared to European prices.

Polestar 3 debuts in China with much lower starting price

It’s understandable that a company like Polestar, with a smaller footprint in China, would prefer to position itself as a premium electric car manufacturer. Small volumes and high prices are seen often as a high profit strategy. That strategy would have probably worked, if China had no other premium electric SUV vehicles on the market.

With Mercedes EQS SUV (bigger than the Polestar 3) starting at RMB 910,500 or the EQE SUV to be launched in November with a starting price of just over RMB 600,000 - the pricing of Polestar 3 was seriously ambitious. Nio ES7 (EL7 in Europe) is nearly identical in size and is considered to be an upmarket electric SUV, starts at RMB 468,000 - that’s just over a half of the original Polestar 3 asking price.

Polestar 3 debuts in China with much lower starting price

Polestar clearly realized its goals were quite ambitious and just before the car went on sale this week, it announced new - and significantly reduced - pricing. The Long Range model now starts at a still rather high, but not as ridiculous RMB 698,000 while the Performance models starts at RMB 798,000. That represents €95,000 and nearly €109,000 respectively or €25,000 price cut for the LR model and €31,000 reduction for the Performance version.

While the price cut is welcome, it remains to be seen if the Polestar brand has enough pull in China to command this kind of price. Mercedes and BMW are struggling when it comes to selling meaningful volumes and Chinese brands are always considered better value by the Chinese customers. Li Auto and Nio offer luxury SUVs for a fraction of the price, Avatr 11 is gaining in popularity and these are just three out of many electric SUVs available in China.

Polestar 3 debuts in China with much lower starting price

Via

Related articles
  • Polestar gives Google Maps a makeover Polestar gives Google Maps a makeover
  • 2026 Polestar 4 now on sale in the US 2026 Polestar 4 now on sale in the US
  • Polestar 2 gets tech and audio boost for 2026 model year Polestar 2 gets tech and audio boost for 2026 model year
  • Polestar adds support for digital keys on iPhones and Apple Watches Polestar adds support for digital keys on iPhones and Apple Watches
  • Post your comment
Total reader comments: 0

  • Home
  • Compare
  • News
  • Terms
  • Reviews
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelCadillac
    Optiq-V
  • ModelCadillac
    Optiq
  • ModelNissan
    Leaf
  • ModelSmart
    #5 Brabus
  • ModelJeep
    Compass
  • ModelSubaru
    Solterra

Featured

  • Why DC charging peak power is misleading Why DC charging peak power is misleading
  • Different types of electric motors used in EVs Different types of electric motors used in EVs
  • The EVs will kill the power grid. Or will they? The EVs will kill the power grid. Or will they?
  • Why solar panels on cars make no sense (at this point) Why solar panels on cars make no sense (at this point)
  • AC/DC - basics of EV charging explained AC/DC - basics of EV charging explained
ADVERTISEMENTS

Reviews

  • Hyundai Ioniq 6 LR AWD review Hyundai Ioniq 6 LR AWD review
  • BMW i5 M60 xDrive Touring review BMW i5 M60 xDrive Touring review
  • Which Skoda is better - Enyaq iV or Enyaq Coupe RS iV Which Skoda is better - Enyaq iV or Enyaq Coupe RS iV
  • 57 electric cars range tested at highway speeds - who wins? PART 2 57 electric cars range tested at highway speeds - who wins? PART 2

Home News Compare About us RSS feed Facebook Twitter Instagram

© 2022-2025 ArenaEV.com Mobile version EV Finder Glossary Privacy Terms of use

From the team behind
GSMArena.com