Polestar to manufacture electric SUV in Volvo Cars facility in US

News  /   June

Gothenburg, Sweden

Polestar, a Swedish electric car major, has announced that it will be manufacturing its first electric Sports Utility Vehicle (SUV) in Ridgeville, South Carolina, USA. The company will be using a Volvo Cars facility that was opened in 2018. Polestar has ties with both Volvo and Geely Holding.

Polestar 3 will be an aerodynamic SUV that will showcase the next evolution of Polestar’s design. The new car will also have the native Android Automotive operating system, which was first debuted in Polestar 2.

Dennis Nobelius, Chief Operating Officer, Polestar mentioned that producing the new Polestar 3 in the US will have many advantages for the company such as making procurement more efficient and reducing the delivery time to customers. It will also have a positive impact on the price of the Polestar 3 SUV. He added that this move will make the brand more competitive in the critical American sales market.

Thomas Ingenlath, Chief Executive Officer, Polestar said that he was happy to launch Polestar’s first SUV that will be manufactured in South Carolina. He added that Polestar 3 will be built in America, for American customers. With this decision by the company, the US will no longer be just an export market but a home market for the brand.

U.S. and China have been the two largest single markets for electric vehicles. This expansion decision by Polestar isn’t just about the product line. It’s also about having an American retail presence. With this move, Polestar spaces will be seen in 25 locations throughout 2021.

The Sweden headquartered company has a dedicated research and development (R&D) facility in the UK. Polestar vehicles are produced in both China and the US. The Polestar vision is to go where they can best realise their idea of design-led, sustainable, electric performance and not be restricted by geography.

Source – Polestar Website

Also Read:

https://www.automotiveproductsfinder.com/cover-story/auto-industry-on-sustainable-path/133896

https://www.automotiveproductsfinder.com/cover-story/ev-ecosystem-shaping-up-well/133843

https://www.automotiveproductsfinder.com/cover-story/electric-vehicles--in-need-of-capital-and-r-d-incentives/133707

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