Embattled electric car brand's turn-around: 2026 Polestar 4 to gain wagon variant while a new-generation Polestar 2 is on the way to take the fight to the Tesla Model 3

Swedish electric carmaker Polestar is on the cusp of a major comeback, the brand’s executives say, with the launch of four new vehicles including a new variant of the popular Polestar 4 with wagon styling and a real back window.

Polestar had a good 2025 with global sales up by 34 per cent for a total of 60,119 cars sold. But all is not well financially for Polestar, which still remains unprofitable as the cost of expansion, competition from Chinese carmakers and tariffs make bankruptcy a real and present threat.

Read More About Polestar

• 'We think it's fantastic': This electric performance car won’t be a top seller but it could make the brand a true premium player: 2027 Polestar 5 to draw buyers into other Polestar electric cars, but will a cheaper version come to Australia?
• 'We have to get it right': Polestar Australia boss explains why the 2028 Polestar 7 will arrive much later than its Volvo EX30 and Zeekr X siblings
• Brand responds to bankruptcy rumours

The Polestar 4 is the brand’s most popular model worldwide, and in a statement released recently the company says it will now be offered in a wagon-style variant. 

This correlates to the leaked spy shots posted in January on Chinese social media platform Weibo of a Polestar vehicle with lifted wagon styling.

While the vehicle wore camouflage to disguise its shape it was clear it had a rear window, unlike the current Polestar 4 which has no rear window and uses only cameras for visibility.

Chinese media is calling it the Polestar 4 Estate and given the wagon bodystyle is still a big seller in Europe, then this variant seems very much targeted towards capturing that market. Polestar says to expect this new variant of the Polestar to launch towards the end of 2026.

“Polestar 4 coupé is our current best-seller," Polestar said in a staement.

"Already by the end of this year, we will launch a new variant of Polestar 4, based on the same great technology. With this car, Polestar will once again set new standards. Sweden is famous for its estate cars, and its SUVs are world-class. We are combining the space of an estate and the versatility of an SUV with the dynamic performance that is Polestar."

Also coming in 2026 is the brand’s flagship Polestar 5 which launches in Australia this March. The large four-door grand tourer is a high-performance halo car packing 650kW and 1015Nm putting Porsche’s Taycan directly in its sights.

“Polestar 5 is our brand halo car, bringing a new level of performance and luxury to the grand-tourer segment. With incredible handling and a lightweight bonded aluminium platform, the four-door GT has already received fantastic reviews, as part of its launch tour across Europe." the company said.

Next will be a new-generation Polestar 2 and going by the teaser image released by the brand appears to be lower slung than the current  model which is slightly raised.

“Polestar 2 is the foundation of our brand, with over 190,000 cars sold and an enthusiastic community of customers," Polestar said.

"Bringing the next generation of this iconic car in record speed, by the start of next year, is very exciting. The car that we became known for will play a key role of our future success."

Then in 2028 Polestar says it will launch a model vital to its survival - the Polestar 7  small electric SUV that will join the hugely competitive segment for electric vehicles.

“With Polestar 7 we are entering the largest EV segment in Europe, the compact SUV segment, which accounts for approximately one-third of total BEV volumes in 2025. We are convinced that we can offer customers a progressive performance-driven car for a very attractive price point, built in Europe," the brand said.