Polestar 3 gets ready for release, with cheaper, U.S. built, tax-credit-eligible version coming
Polestar will begin global production of the SUV at the Volvo plant in Chengdu, China, starting in mid-2023 but then switch production for North America and other markets starting in mid-2024 out of Volvo’s plant in Ridgeville, S.C. Polestar’s other cars have been built in China, which is all part of the “asset-light” business model that Polestar is employing to build cars at existing plants owned by Volvo and Geely.
The beginning of the roadshow for the Polestar 3 accomplishes a number of things. Showing the world the next evolution of the brand, for one thing. Plus: bringing the car from image to reality for the new markets. “It’s such an important product the SUV in this premium segment,” Polestar CEO Thomas Ingenlath said in an interview with Yahoo Finance. “We want customers, investors to be aware of what's happening here in the next couple of months...you can’t communicate through social media. The biggest thing is to come live and actually see the thing yourself with your own eyes.”
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