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A new luxury electric SUV is hitting the US market to take on Tesla’s best-selling Model Y. Polestar revealed its second electric SUV, the Polestar 4, will have a starting price tag of $56,300 (including $1,400 destination fee) with up to 300 miles range.

After unveiling its fully electric “SUV Coupe” almost a year ago, the Polestar 4 has arrived in North America.

The Polestar 4 made its North American debut Wednesday at the NY Auto Show as full prices were revealed. Polestar’s newest electric SUV will start at $56,300 with 300 miles targeted range. That includes a $1,400 destination fee.

Polestar’s CEO Thomas Ingenlath previously said the new EV is positioned as a “more premium, more luxurious” SUV than Tesla’s Model Y. But, is it?

After Polestar 4 production began in November, the first customers began receiving vehicles by the end of the year. By the end of 2023, Polestar handed over 880 models.

Polestar launched its electric SUV coupe in Europe and Australia earlier this year. The starting Polestar 4 price in Europe is EUR 63,200 ($68,500) and AUD 81,500 ($53,700) in Australia. Now, Polestar’s newest electric SUV is finally arriving in the US.

Polestar-4-price
Polestar 4 (Source: Polestar)

Polestar 4 electric SUV price revealed in the US

The Swedish EV maker revealed full Polestar 4 pricing at the NY Auto Show. The cheapest Polestar 4, the Long Range Singe Motor variant, will start at $56,300 with 300 miles range. That’s less than the anticipated $60,000 initially expected.

Polestar’s Single Motor version includes 272 hp and 253 lb-ft of torque for a 0 to 60 mph sprint in 7.4 seconds.

Polestar 4 trim Starting Price
(including $1,400
destination fee)
Range
(expected EPA-est)
Long Range Single Motor $56,300 300 mi
Long Range Dual Motor $64,300 270 mi
Long Range Dual Motor model
(with Plus and Performance packs)
$74,300 270 mi
Polestar 4 price and range by trim

The Dual-Motor Polestar 4 starts at $64,300, but packs 544 hp and 506 lb-ft of torque for a 0 to 60 mph time in 3.7 seconds. It’s expected to feature up to 270 miles range.

At the top of the range, the Long Range Dual Motor model with Plus and Performance packs, starts at $74,300. Other package options include Pilot (+$1,500), Pro (+$2,000), Plus (+$5,500) and Performance (only available on the Dual Motor model).

Polestar-4-price
Polestar 4 (Source: Polestar)

The Polestar 4 will compete with other mid-size SUVs like Tesla’s Model Y and the new Porsche Macan EV. In comparison, the Tesla Model Y starts at $43,990 with up to 260 miles range. However, the Model Y is eligible for the $7,500 tax credit, bringing prices down to $36,490.

For the Long Range Model Y, prices start at $48,990 with up to 310 miles range. With the tax credit, the Long Range version starts at only $44,990.

Polestar’s new electric SUV is unique with no rear window. Instead, a rear-facing HD camera “enhances interior space and the rearward view.”

The interior features a 15.4″ infotainment powered by Android Auto OS with built-in Google. An added 10.2″ driver display is equipped ahead of the steering wheel.

Polestar will open orders for its new electric SUV in April 2024 with deliveries expected by the end of the year.

What do you guys think about Polestar’s new SUV? Let us know in the comments.

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Baidu- and Geely-backed JiYue brand unveils ROBO X EV that goes 0-100 km/h in under 1.9 sec

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Baidu- and Geely-backed JiYue brand unveils ROBO X EV that goes 0-100 km/h in under 1.9 sec

JiYue, a Chinese EV brand focused on delivering all-electric “robocars” to the masses, has unveiled its latest model, and it’s quite a deviation from its previous EVs—but in the best way. Earlier today, JiYue launched the ROBO X supercar, designed for high-speed racing. By high speed, we mean 0-100 km/h acceleration in under 1.9 seconds. My mouth is watering.

JiYue has only existed since 2021, when parent tech company Baidu announced it was expanding from software development into physical EV production, joining forces with multinational automotive manufacturer Geely.

The new “robotic EV” marque initially launched as JIDU with $300 million in startup capital before garnering an additional $400 million in Series A funding, led by Baidu, in January 2022.

In August 2023, Geely took on a larger role in JIDU alongside a greater financial stake as the brand reimagined itself as JiYue, inheriting the JIDU logo and its flagship model, the 01 ROBOCAR.

In December 2023, Baidu and Geely unveiled a second model called the JiYue 07. It was born from JIDU’s ROBO-02 concept, which debuted in 2023 and was designed to compete against the Tesla Model 3 in China.

The 07 finally launched in China earlier this year with 545 miles of range. With an all-electric SUV and sedan on the market, JiYue has unveiled an exciting new entry in the form of a performance supercar called the ROBO X. Check it out:

JiYue’s new ROBO X EV is available for pre-order now

JiYue showcased its new ROBO X hypercar in front of the crowd at the 2024 Guangzhou Auto Show earlier today. Similar to previous models but with a unique spin, JiYue described the ROBO X as an AI smart-driving supercar that, for the first time, blends artificial intelligence and autonomous driving into a high-performance, race-ready EV.

When we say “high performance,” we mean a quad motor liquid-cooled drive system that can propel the ROBO X from 0 to 100 km/h (0 to 62 mph) in under 1.9 seconds. JiYue called the new ROBO X a “performance beast” with “the perfect balance of excellent aerodynamic performance and high downforce.” JiYue CEO Joe Xia was even bolder in his statements about the ROBO X:

For the next 20 years, the design of supercars will bear the shadow of Robo X. This is the best design in the history of Chinese automobiles today, and it is a landmark presence.

Fighter-style airflow ducts bolster the EV’s aerodynamics, efficiency, and overall posture. Per JiYue, the two-seater ROBO X is expected to deliver a maximum range of over 650 km (404 miles).

The new supercar features falcon-wing doors, a carbon fiber integrated frame, and a professional racing HALO safety system offering 360° of support. The interior features an AI smart cockpit with SIMO real-time feedback to give drivers an immersive racing experience.

Furthermore, JiYue said the vehicle will utilize parent company Baidu’s Apollo self-driving technology, which could make it the first electric supercar to apply pure-vision ADAS technology that enables track-level autonomous driving.

Following today’s unveiling of the ROBO X, JiYue has officially opened up pre-orders in China for RMB 49,999 ($6,915). That said, reservation holders will need to be patient as JiYue shared that it doesn’t expect to begin mass production of the ROBO X until 2027.

What do you think? Will people be talking about the ROBO X for the next 20 years?

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Wheel-E Podcast: Solar moped, XPedition 2.0, LiveWire scooter, more

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Wheel-E Podcast: Solar moped, XPedition 2.0, LiveWire scooter, more

This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes the launch of the Lectric XPedition 2.0, Yamaha e-bikes pulling out of North America, LiveWire unveils an electric scooter concept, PNY readying its cargo e-scooters for pilot testing, Royal Enfield’s first electric motorcycle, and more.

The Wheel-E podcast returns every two weeks on Electrek’s YouTube channel, Facebook, Linkedin, and Twitter.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends, the video will be archived on YouTube and the audio on all your favorite podcast apps:

We also have a Patreon if you want to help us to avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the Wheel-E podcast today:

Here’s the live stream for today’s episode starting at 9:30 a.m. ET (or the video after 10:30 a.m. ET):

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Crude oil heads to weekly loss as looming surplus depresses market

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Crude oil heads to weekly loss as looming surplus depresses market

Market Navigator: Crude oil under pressure

Crude oil futures were on pace Friday for loss for the week, as a supply gut and a strong dollar depresses the market.

U.S. crude oil is down more than 2% this week, while Brent has shed nearly 2%.

Here are Friday’s energy prices:

  • West Texas Intermediate December contract: $68.56 per barrel, down 14 cents, or 0.2%. Year to date, U.S. crude oil has shed about 4%.
  • Brent January contract: $72.36 per barrel, down 20 cents, or 0.28%. Year to date, the global benchmark has lost nearly 6%.
  • RBOB Gasoline December contract:  $1.99 per gallon, up 0.46%. Year to date, gasoline has fallen more than 1%.
  • Natural Gas December contract: $2.70 per thousand cubic feet, down 2.98%. Year to date, gas has gained more than 4%.

The International Energy Agency has forecast a surplus of more than 1 million barrels per day in 2025 on robust production in the U.S. OPEC revised down its demand forecast for the fourth consecutive month as demand in China remains soft.

A strong dollar also hangs over the market, as the greenback has surged in the wake of President-elect Donald Trump’s election victory.

Don’t miss these energy insights from CNBC PRO:

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