Geely-owned automaker concerned that proposed rules by Biden administration would “effectively prohibit” sales of its cars in the US
Vehicles produced at the South Carolina plant will be sold in the U.S. and also exported to Europe
The entry-level Polestar 3 has 295 hp and a WLTP range of up to 404 miles
The company believes its production plans will protect it from tariffs on electric vehicles imported from China
The carmaker is off to a difficult start to 2024 after posting a significant decrease in sales for the first quarter
Polestar sold just 7,200 vehicles in the first quarter of 2024, nearly 4,900 fewer than it did a year ago
The carmaker has not yet said when its future BST models will launch but they should follow a similar recipe to the Polestar 2 BST
The Polestar 3 will now begin at $73,400 and offer a range of 315 miles
Car brands including Xiaomi, Li Auto, Zeekr, and Great Wall will use the chipmaker’s computer systems
Many consumers are hesitant to splurge on a new EV given how quickly the industry and technologies are developing
The carmaker remains confident moving forward, noting that deliveries of the Polestar 4 will start in December
The automaker showcased its full array of models at the event, including the wild Polestar Synergy design concept
The Polestar 3 is running several months behind schedule as production has been pushed back from mid-2023 to the first quarter of 2024
CEO Thomas Ingenlath has a clear plan that includes adding content and value even in the face of higher pricing
Polestar and Volvo can offset hefty import fees thanks in part to U.S. production and government regulations
Polestar officials are reportedly considering a 3 BST, which would likely offer a sport-tuned suspension, revised styling, and an upgraded powertrain
Polestar had initially expected to deliver upwards of 80,000 vehicles in 2023
The all-electric Polestar 3 will offer the option of a 1,610-watt Bowers & Wilkins sound system
