Geely-owned Polestar has set out plans to broaden its electric vehicle (EV) portfolio with four new models scheduled between 2026 and 2028, as part of its next growth phase.

It represents what the Swedish EV manufacturer described as “largest” product expansion in its history.

The rollout will begin with the Polestar 5 four-door grand tourer, with deliveries due to start in summer this year.

Later this year, in the fourth quarter, the company intends to introduce a new variant of the Polestar 4 SUV to widen the model’s customer reach.

A next-generation successor to the Polestar 2 sedan is slated for early 2027, followed by the launch of the compact premium SUV Polestar 7 in 2028.

The company expects retail volumes to grow at a low double-digit rate in 2026.

Polestar reported retail sales of 60,119 vehicles in 2025, representing a 34 % increase compared with 2024.

Fourth-quarter retail sales in 2025 were reported at approximately 15,608 units, up 27 % year on year.

Alongside the product expansion, Polestar plans to increase its retail network by around 30% as it continues shifting towards direct sales and raises the share of Polestar 4 within its overall sales mix.

The company said it recorded its highest annual retail sales in 2025 despite geopolitical and economic headwinds.

It intends to use its expanded model range and broader retail footprint to support growth through 2028.

Polestar CEO Michael Lohscheller said: “Following our best sales year ever, we are now launching the largest model offensive in our history, with four premium EVs coming to market within three years. We are targeting the heart of the EV market, where customer demand and profit pools are high.

“Combined with our continued retail sales network expansion and a growing customer base, we are setting the foundations for profitable growth and operational improvement.”

Earlier this month, Polestar announced a $400m equity investment by Feathertop Funding Limited and Standard Chartered Bank (Hong Kong) Limited - $200m from each.

Concurrent with the purchase, the two financial institutions have each entered into a put option arrangement with Polestar, which provides the financial institutions with an exit path, if needed, in three years with certain returns, as part of this equity financing arrangement.