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Polestar announces ‘Made in America’ EV production start date

Teslarati

Polestar has announced the production start date for its new South Carolina production facility, which it will be sharing with Volvo Cars. Now, the Swedish automaker is poised to finally address that issue as it begins production in South Carolina. Polestar will continue producing vehicles at its Chinese facilities.

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Polestar takes $1.6 billion loan to achieve growth targets

Teslarati

billion, to achieve its future growth targets. As previously announced, the Scandinavian brand will use a pre-existing Volvo Cars manufacturing facility in South Carolina to build their upcoming Polestar 3. What do you think of the article? To do so, Polestar has acquired a massive $1.6

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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

And the company recently announced plans to raise $9 billion in a private placement for future expansion. Because there are only a few Chinese-made EVs available now and likely in the near term in the US, there will be very little actual impact on automakers and overall sales of electric vehicles in the US. NIO ec6 – Source: NIO.