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.

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

The new Polestar 7 is described by Lohscheller as a ‘compact SUV’. “We will enter the compact SUV segment, the biggest and fastest-growing segment in the world, and we will obviously make sure it comes with all the Polestar DNA,

Scandi EV brand Polestar has confirmed it will be launching a premium compact SUV EV, joining the fastest growing and most profitable market segment.

The most exciting news to come out of all this is the official announcement of the Polestar 7. This will be a compact, all-electric SUV with predictably upscale trimmings and feat