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 Po

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