The Swedish EV maker, Polestar, announced its first all-electric SUV which will be mad ein the USA. Polestar 3 is a sleek electric performance SUV to be made with other Volvos at the Volvo Cars production centre in Ridgeville, South Carolina. These crs will be for US consumption only.
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ABOVE: 2022 Polstar 3 (teaser image)
“Polestar 3 will be built in America, for our American customers,” says Thomas Ingenlath, Polestar’s Chief Executive Officer. “I remember the great response when I first shared Polestar’s vision here in the USA and I am proud that our first SUV will be manufactured in South Carolina. From now on, the USA is no longer an export market but a home market.”
You might not know the name, but Polestar was started 2017 by Volvo Cars and Geely Holding, and opened the Ridgeville plant in 2018. Polestar’s ability to share a production facility with Volvo Cars opens markets that otherwise might be out of reach.
“Production in the USA reduces delivery times as well as the environmental impact associated with shipping vehicles around the world. It will even have a positive impact on the price of Polestar 3,” says Dennis Nobelius, Chief Operating Officer at Polestar. “All of this makes the brand even more competitive in the critical American sales market.”
Polestar 3 has new EV architecture that Volvo designed from the ground up, for full electrification. Polestar 3 will have advanced connectivity using Google’s native Android Automotive OS infotainment system.
It will use this as part of its autonomous driving ability. Polestar 3 production starts in 2022. We will bring you more details as they come to hand.
Polstar raised USD 550 million from investors in April for this expansion and will explore potential future funding opportunities.
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