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Polestar's showroom in Oslo, Norway. In October 2017, Volvo Cars and Geely Holding announced that Polestar would become a standalone brand focusing on electric cars. [27] The brand introduced the Polestar 1 on 17 October 2017, a 2+2 coupé inspired by Volvo's Concept Coupé introduced in 2013, which includes influences from the Volvo P1800.
It assembles its Polestar 2 sedan crossover and Polestar 3 at a facility in Chengdu, China — and those cars are subject to the US tariffs of 100% on Chinese-made EVs, a policy implemented by the ...
BEIJING (Reuters) -Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive is accelerating efforts to produce more vehicles outside China in view of rising geopolitical tensions ...
Polestar was previously owned by Volvo, which is now owned by Geely. Polestar also plans to build its Polestar 3 at a Volvo factory in South Carolina, which would allow it to also avoid tariffs.
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However, since 2017, the Chinese government had indicated that it would liberalize foreign control in the automotive sector, allowing full ownership by foreign companies. [8] In 2017, Tesla was allowed to set up a plant in Shanghai city, making it the first foreign automaker to open a wholly owned factory in China. [9]
The Biden administration is raising tariffs on Chinese EVs to 100% from the current 25%. At that level, the U.S. tariffs block virtually all Chinese EV imports. That's not what Europe is trying to do.
The Polestar 3 is a battery electric mid-size luxury crossover SUV [7] [8] produced by Swedish manufacturer Polestar, released in 2024. The 3 is the first vehicle to use the all-new SPA2 platform, a vehicle platform which is dedicated to battery-electric vehicles.