Polestar 2 production is officially over after six years and about 200,000 cars built in China. Here's why it ended, what the 2027 successor brings, why it won't be sold in the US, and where Polestar's finances stand.
Photo: Alexander-93 / Wikimedia Commons (CC BY-SA 4.0)
The car that turned Polestar from a Volvo performance badge into a real electric car brand has reached the end of the line. Polestar 2 production is officially over after six years and about 200,000 cars, and an all-new Polestar 2 is scheduled to replace it in 2027.
A Polestar representative confirmed the end of first-generation production to InsideEVs after Norway's TV 2 reported that the last cars had rolled off the line at the Luqiao plant in Taizhou, China. Polestar has not published an exact final build date. For American drivers there is a harder truth underneath the news: the next Polestar 2 will not be sold in the United States. Here is what happened, what comes next and what it means for owners.
| Detail | First-generation Polestar 2 |
|---|---|
| Body style | Five-door fastback sedan |
| Built | Luqiao plant, Taizhou, China |
| Production start | March 2020 |
| Production end | Fall 2026 (exact date not disclosed) |
| Total volume | About 200,000 cars |
| US launch price (2020) | $59,900 |
| Best EPA range | 320 miles (2024 Single Motor, 19-inch wheels) |
| Biggest market | Norway, more than 16,000 sold |
| Last US model year | 2025 |
The Polestar 2 began life as a Volvo. In 2016 Volvo showed two concept cars, the 40.1 and the 40.2. The 40.1 became the Volvo XC40. The 40.2 sedan was handed to Polestar, then a small performance arm owned by Volvo and its Chinese parent Geely, and became the Polestar 2.
It went into production in March 2020 as Polestar's first all-electric model and first true volume car. It was also the first car to use Google's Android Automotive operating system, with Google Maps and Google Assistant built in. In the US it launched at $59,900 and was aimed squarely at the Tesla Model 3.
The biggest update came for the 2024 model year. Polestar replaced the front-wheel-drive base car with a rear-wheel-drive single-motor version and reworked the powertrain. That car earned the Polestar 2's best EPA rating of 320 miles. The 2025 version was rated at 314 miles.
The plainest reason is age. Six years is a normal life span for a car, and Polestar has had a replacement in development for some time. But the model's final years were shaped by trade policy, too.
An all-new Polestar 2 is due in 2027. Polestar's June 25 statement said it would launch "early in 2027," and its first-half 2026 report lists the launch for the first half of 2027, with the production site still "TBA." Polestar has described it as a new vehicle, not a facelift.
What it will look like is not confirmed. TV 2 reports it will be a crossover, and InsideEVs expects a blend of small sedan and crossover with styling drawn from Polestar's recent concept cars. Price, battery size and range have not been announced.
After the new 2 comes the Polestar 7, a compact SUV planned for 2028 and the first Polestar to be built in Europe. A Polestar 6 roadster is also on the plan. The Polestar 5 four-door grand tourer began customer deliveries this summer, and a Polestar 4 SUV variant joined the Polestar 4 coupe.
No, not under current rules. In June, the US Commerce Department's Bureau of Industry and Security declined to grant Polestar an authorization under the Connected Vehicle Rule, which restricts connected-car technology tied to China. Polestar is majority-owned by China's Geely. The decision bars Polestar from selling vehicles in the US from the 2027 model year onward, which rules out the new Polestar 2.
North of the border the picture is different. Canada replaced its 100% tariff with an annual quota of 49,000 Chinese-built EVs, and Polestar reopened Canadian orders for a 2027 Polestar 2 Long Range Dual Motor at CA$72,200, about US$53,300, according to InsideEVs.
Polestar's sales are holding up, but the company is still burning cash. It reported estimated retail sales of 14,371 cars in the third quarter of 2026, its best third quarter, and 44,790 cars through nine months, both up about 1%. Excluding the US, third-quarter sales fell 8%, to 12,211. That implies roughly 2,160 US sales in the quarter as dealers cleared stock, by our calculation.
| First half | 2026 | 2025 |
|---|---|---|
| Revenue | $1.36 billion | $1.42 billion |
| Gross margin | -8.4% | -49.4% |
| Net loss | $842 million | $1.19 billion |
| Cash (June 30) | $888 million | $719 million |
As of June 30, Polestar had net current liabilities of $4.7 billion. It raised $700 million in new equity in February and March from investors including Sumitomo Mitsui Banking Corporation, Standard Chartered and Crédit Agricole CIB. In September it signed a $400 million term loan with a Geely affiliate, of which $100 million is committed and $300 million requires lender approval. Polestar's own filings name its "ability to raise additional funding" as a key risk.
Own a Polestar 2 in the US? Nothing changes for your car today. The end of production does not end warranty coverage, and Polestar says it will keep supporting US customers and its service network. If you are shopping used, the Polestar 2 is a known quantity with years of owner history, but check the remaining warranty and the location of your nearest service point before you buy.
The bottom line: The first Polestar 2 is finished after about 200,000 cars, and an all-new Polestar 2 arrives in 2027. It will be sold in Europe, Canada and other markets, but the Connected Vehicle Rule keeps it out of the United States. For American buyers, Polestar's story is now about remaining Polestar 3 and Polestar 4 inventory, ongoing service, and a company that still needs fresh money to fund its next wave of cars.
Related: Why Polestar is banned from the US market from 2027 · Polestar's US exit and the dealer lawsuit
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