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Market
Will Polestar 3 SUV achieve at least 5% market share in the US electric vehicle market by mid-2025?
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Market share reports from automotive industry analysts or research firms
Story
Polestar Begins U.S. Production of Polestar 3 SUV in South Carolina to Avoid Tariffs
Aug 14, 2024, 12:11 PM
Swedish electric vehicle maker Polestar has commenced production of its Polestar 3 sport utility vehicle in the United States. This strategic move is aimed at circumventing the hefty tariffs imposed on Chinese-made electric vehicles. The production is taking place at Polestar's facility in Ridgeville, South Carolina, marking a shift from its previous manufacturing location in Chengdu, China. This development represents a significant step for Polestar in expanding its presence in the U.S. market while avoiding financial penalties associated with imports from China.
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