Polestar Now Offers Its Customers Access to One of the World’s Largest Charging Networks

Rhea-AI Summary

Polestar (PSNY) has expanded its charging network access, now offering customers in North America access to 17,800 Tesla Superchargers. In Europe, Polestar Charge provides access to over 850,000 charging points, including more than 20,000 Tesla Superchargers and networks like IONITY, Recharge, Total, Fastned, and Allego. Future Polestar vehicles in North America will include NACS inlet as standard, while current owners can obtain adapters through local service centers. The company also provides Tesla Supercharger access across 200+ cities in China.

Positive

• Access to 17,800 Tesla Superchargers in North America
• Extensive European network with 850,000+ charging points
• Tesla Supercharger access in 200+ Chinese cities
• Future vehicles to include NACS inlet as standard equipment

Negative

• Current North American vehicles require additional adapter purchase

Insights

Tech Expert

The integration with Tesla's Supercharger network marks a significant strategic advancement for Polestar's charging infrastructure. Access to 17,800 North American Superchargers and 850,000 charging points in Europe substantially enhances Polestar's competitive position against other EV manufacturers. The standardization of NACS inlet in future models and the provision of adapters for existing vehicles demonstrates a forward-thinking approach to charging compatibility.

The integration of charging locations into the vehicle's Google Maps system creates a seamless user experience, addressing a key pain point in EV adoption. This comprehensive charging network access across North America, Europe and China positions Polestar strongly in the premium EV segment, potentially reducing range anxiety - a primary barrier to EV adoption.

• Polestar Charge offers access to over 850,000 charging points across Europe, including over 20,000 Tesla Superchargers
• Customers in North America now have access to 17,800 Tesla Superchargers

GOTHENBURG, Sweden--(BUSINESS WIRE)-- Polestar (Nasdaq: PSNY) now offers its customers access to 17,800 Tesla Superchargers across North America, complementing its existing offer in Europe and China.

(Photo: Business Wire)

Future Polestar cars in North America will adopt the NACS inlet as standard equipment and until then, Polestar owners can order a NACS adapter through their local Polestar Service Center. In addition, Polestar’s in-car Google Maps will be updated to show all available NACS chargers.

In Europe, Polestar Charge already offers customers access to one of the region’s largest charging networks, with over 850,000 charging points, including over 20,000 Tesla Superchargers, as well as the full IONITY, Recharge, Total, Fastned and Allego networks. Polestar customers in China also have seamless access to the Tesla Supercharger network across more than 200 cities.

Michael Lohscheller, Polestar CEO, says: “Our access to global charging infrastructure is a key differentiator for Polestar. Through our partnerships with charging providers, we offer our customers a convenient and unique charging experience: accessible, fast, easy to use and at a competitive price.”

About Polestar

Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand determined to improve society by using design and technology to accelerate the shift to sustainable mobility. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific. Polestar is scheduled to expand into additional markets in 2025.

Polestar has three models in its line-up: Polestar 2, an electric performance fastback; Polestar 3, the SUV for the electric age; and Polestar 4, the SUV coupé transformed. With plans to have a line-up of five performance EVs by 2026, Polestar 5, an electric four-door GT and Polestar 6, an electric roadster, are coming soon.

The Polestar 0 project supports the company’s ambitious goal of creating a truly climate-neutral production car by 2030. The research initiative also aims to create a sense of urgency to act on the climate crisis, by challenging employees, suppliers and the wider automotive industry, to drive towards zero.

Forward Looking Statements

This press release contains statements that are not historical facts, but rather forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Polestar or its management believes or anticipates may occur in the future. All forward-looking statements are based upon, as applicable, our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including those risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission by Polestar. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241030058799/en/

Carl Mårtensson, Head of EMEA Communication

Carl.martensson@polestar.com

Theo Kjellberg, Head of Corporate Communication

Theo.kjellberg@polestar.com

Source: Polestar

FAQ

How many Tesla Superchargers can Polestar (PSNY) customers access in North America?

Polestar customers can access 17,800 Tesla Superchargers across North America.

How many charging points does Polestar (PSNY) offer in Europe?

Polestar offers access to over 850,000 charging points in Europe, including more than 20,000 Tesla Superchargers.

Will future Polestar (PSNY) cars come with NACS inlet as standard in North America?

Yes, future Polestar vehicles in North America will come with NACS inlet as standard equipment.

How can current Polestar (PSNY) owners access Tesla Superchargers in North America?

Current Polestar owners can order a NACS adapter through their local Polestar Service Center.