article thumbnail

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.

article thumbnail

Polestar 3 launches in China with $29k price cut

Teslarati

Polestar has launched the Polestar 3 electric SUV in China and has slashed its starting price by roughly $29,000. The 3 is the brand’s first full-size SUV offering and is set to take on the Tesla Model X and the Rivian R1S in the world of large electric SUVs. What do you think of the article?

Price 98
article thumbnail

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. It is also reporting that some of its vehicles, including the Polestar 4, has been “well received” in the Chinese market.

article thumbnail

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. The German automaker also has plans to build a $2 billion BEV factory in South Carolina, which is expected to begin production in 2026.

BYD 91
article thumbnail

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 139
article thumbnail

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.

article thumbnail

Polestar takes $1.6 billion loan to achieve growth targets

Teslarati

As previously announced, the Scandinavian brand will use a pre-existing Volvo Cars manufacturing facility in South Carolina to build their upcoming Polestar 3. Meaning that while the upcoming electric SUV would qualify for federal EV subsidies in the U.S., the brand’s electric sedan would not.