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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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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

Volkswagen faces mounting pressure to keep up with Tesla and Chinese automakers in the transition to battery-electric vehicles (BEVs), and its success in doing so could have major implications. In 2015, the company admitted to cheating on emissions standards through the use of its “clean diesel” products , and it later paid out over $9.5

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Polestar 3 prices get reduced before it’s even available with demand in question

Teslarati

Polestar reduced the prices of the Polestar 3 electric SUV in the United States before it was even available, as demand questions loomed for the automaker’s newest addition. The company missed its reduced delivery targets for 2023, but did report growth from the year prior. seconds, now starts at $84,900.

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Polestar 3 officially unveiled in China, price cut by about $29,080 from previous

CN EV Post

The first SUV from Polestar, the premium electric vehicle maker owned by Geely and Volvo Cars, has been officially unveiled in China, but at a price reduction of about RMB 200,000 yuan ($29,080) from the model's global debut last year. At that point, the US will serve as the main supply location for North America and other markets.

China 135
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Polestar takes $1.6 billion loan to achieve growth targets

Teslarati

billion loan from parent company Volvo Cars and significant shareholder PSD Investment ($800 million each). As previously announced, the Scandinavian brand will use a pre-existing Volvo Cars manufacturing facility in South Carolina to build their upcoming Polestar 3. To do so, Polestar has acquired a massive $1.6

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Polestar to Utilize Former Saab Plant as European R&D Facility

The Truth About Cars

The company will reportedly be renting the facility from the city of Trollhattan. Unfortunately, NEVS likewise collapsed after Chinese parent company Evergrande was revealed to be in copious amounts of debt. The site was last used by National Electric Vehicle Sweden (NEVS) after Saab folded in 2011.

Sweden 105
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Volvo Ending Sedan/Wagon Sales in UK, Could North America Be Next?

The Truth About Cars

The company has said its sales volume has skewed so heavily toward SUVs and crossovers that it doesn’t make good sense to offer anything else. The Swedish-Chinese brand had already pulled the S90 from the market earlier this summer. Meanwhile, its SUV and crossover volumes have effectively doubled within the same period.