PRODUCTION OF POLESTAR 3 STARTS IN SOUTH CAROLINA
GOTHENBURG, SWEDEN, 14 August 2024.- Polestar (Nasdaq: PSNY) announces that production of its luxury SUV, Polestar 3, has started in South Carolina, USA. This makes the Polestar 3 the first Polestar to be produced on two continents.
The factory in South Carolina produces cars for customers in the US and Europe, complementing existing production in Chengdu, China.
Thomas Ingenlath, Polestar’s CEO, comments:
“Manufacturing Polestar 3 in the USA is a crucial step for us. Now we offer customers in America an electric SUV that is built in America. Exporting the South Carolina produced Polestar 3 to Europe will strengthen our business on a broader scope. Polestar 3 has received superb reviews from global automotive media, with strong customer test drive interest. I strongly believe this is the best looking and best driving SUV in the market today.”
The Company is also taking additional steps to diversify its wider manufacturing footprint, with production of Polestar 4 set to start in South Korea from the middle of 2025.
Polestar’s asset-light approach to development and manufacturing enables it to benefit from the competence, flexibility and scalability of its partners and major shareholders.
Polestar 3 is the performance SUV for the electric age, combining Scandinavian design, cutting edge technology and excellent driving dynamics. It features the latest in high-tech components – like centralized core computing powered by NVIDIA and a long list of advanced safety systems.
Test drives of the Polestar 3 can be booked from your local Polestar Space or via web.
Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand determined to improve society by using design and technology to accelerate the shift to sustainable mobility. Headquartered in Gothenburg, Sweden, its cars are available online in 27 markets globally across North America, Europe and Asia Pacific.
Polestar plans to have a line-up of five performance EVs by 2026. Polestar 2, the electric performance fastback, launched in 2019. Polestar 3, the SUV for the electric age, launched in late 2022. Polestar 4, the SUV coupé transformed, is launching in phases through 2023 and into 2024. Polestar 5, an electric four-door GT and Polestar 6, an electric roadster, are coming soon.
The Polestar 0 project supports the company’s ambitious goal of creating a truly climate-neutral production car by 2030. The research initiative also aims to create a sense of urgency to act on the climate crisis, by challenging employees, suppliers and the wider automotive industry, to drive towards zero.
Source: Polestar
Photograph: Polestar
