“The Polestar 4 will take an important role in the portfolio allowing us to reach a wider group of people,” Ingenlath said while showing the vehicle to a small group of journalists last month at the automaker’s design center near Gothenburg, Sweden.

That is because its starting price will be 60,000 euros, putting it below the larger Polestar 3 crossover that starts at 88,600 euros in Germany. In the U.S., the Polestar 4 will start at $60,000 while the Polestar 3 starts at $85,300, including shipping.

“The Polestar 4 will be a big part of our 2024 story,” Ingenlath said.

The automaker expects to sell 43,000 Polestar 4s next year, according to materials it put together before its stock listing. That number is forecast to rise to 79,000 in 2025, at which point the Polestar 4 will rank at the brand’s No. 2-seller behind Polestar 2 premium midsize fastback. The company expects global Polestar 2 sales to reach 104,000 by mid-decade.

“With the Polestar 4 and Polestar 3 we will cover the premium SUV Segment in a full-fledged way, meaning in a price range of 60,000 to 150,000 euros,” Ingenlath said.