Polestar 5 debuts in Munich, but will skip China and US STOCKHOLM (Reuters) -Swedish automaker Polestar unveiled its grand tourer (GT) sports car, the Polestar 5, at the Munich auto show on Monday, but said it won’t sell the model initially in the United States and China. A flurry of automakers showcased new models at the show, many unveiling lower-cost electric vehicles (EV) as Europe’s auto sector grapples with an EV slowdown and a continuing price war. Polestar, however, launched its long-awaited sports car, priced at nearly double the starting price of its preceding Polestar 4 model. The Polestar 5 will start at 119,900 euros ($140,870.51) in Germany, compared with 61,900 euros for the Polestar 4. The company has struggled to expand the market for its EV lineup, hit by U.S. tariffs, and has shifted to focus more on Europe. While the Polestar 5 will be made in Chongqing, China, a company spokesperson said it would not initially be sold in the country, nor in the automaker’s third-largest market, the United States, which imposes tariffs of more than 100% on China-made cars. The launch, initially planned for 2024, will also skip Canada and South Korea. Earlier in September, the brand reported a wider loss for the second quarter, after U.S. tariffs and intensifying price pressure led to an impairment charge of its flagship model, Polestar 3. The SUVs Polestar 3 and 4 account for more than half of its global sales. The company has earlier stated that Polestar 5 is not meant to be a volume-heavy car. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. The Polestar 5 evolved from a concept car first introduced in 2020, called the Polestar Precept, designed to showcase the brand’s future vision in terms of design, technology and sustainability. The dual-motor version of the car has a range of 670 kilometres (416 miles) on a single charge, the company said in a statement, while the performance version can drive up to 565 km. ($1 = 0.8511 euros) The best opportunities often hide in plain sight—buried among thousands of stocks you'd never have time to research individually. That's why smart investors use our Stock Screener with 50+ predefined screens and 160+ customizable filters to surface hidden gems instantly. For example, the Piotroski's Picks method averages 23% annual returns by focusing on financial strength, and you can get it as a standalone screen. Momentum Masters catches stocks gaining serious traction, while Blue-Chip Bargains finds undervalued giants. With screens for dividends, growth, value, and more, you'll discover opportunities others miss. Our current favorite screen is Under $10/share, which is great for discovering stocks trading under $10 with recent price momentum showing some very impressive returns!

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