Polestar 3 Production: Transforming the Electric SUV Landscape in the US

Polestar 3 Production in the US: A Significant Development

Electric vehicle company Polestar has officially commenced production for the Polestar 3 in South Carolina. With this move, Polestar aims to supply its electric SUVs to consumers across the US and Europe, mitigating the impact of tariffs imposed on imports from China.

The Polestar 3, which made its debut in 2023, is crucial for the company's strategy. Polestar CEO Thomas Ingenlath highlighted the importance of this development, stating, "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."

Impact of Biden Administration's Tariff Increase

Earlier this year, the Biden administration significantly increased tariffs on electric vehicle imports from China, quadrupling the costs to protect American manufacturers. This policy shift further underscored the necessity for Polestar to localize production. Even before these tariff adjustments, plans were underway to move the production of the Polestar 3 to South Carolina.

Looking Ahead

As production ramps up, the Polestar 4 is slated to be manufactured at the company’s facility in South Korea, expected to begin in mid-2025. This strategic distribution of manufacturing capabilities reflects Polestar's commitment to addressing the evolving demands of the electric vehicle market.