SHANGHAI — Premium electrical car (EV) maker Polestar will begin manufacturing in South Carolina for U.S. and European markets from 2024, Chief Government Thomas Ingenlath instructed Reuters on the Shanghai auto present on Tuesday.
Polestar, based by Volvo and Zhejiang Geely Holding Group, has been producing its present three fashions from a plant in China’s southwestern metropolis of Chengdu and one other within the jap coastal metropolis of Taizhou. It has been exporting the China-made autos to abroad markets, together with america.
“We’ve a possibility to go to South Carolina with Polestar 3. The brand new EV manufacturers which can be increase, they can not exit instantly to construct factories there. You want a good quantity,” Ingenlath stated in an interview. Not that many China automakers have been exporting, he added.
Talking earlier on the auto present, Ingenlath stated the corporate expects manufacturing of its Polestar 4 to start later this 12 months in China’s Hangzhou Bay. Preorders for the Polestar 4 could be accessible in China from right this moment and all different markets in 2024, he added. The corporate additionally stated it aimed to develop its retailers in China to 80 from 14 by the top of this 12 months.
Polestar delivered greater than 50,000 vehicles globally in 2022 and goals to promote 80,000 this 12 months, largely by delivering extra of its Polestar 2 hatchback.
The auto maker has bucked a pattern of price-cutting amongst EV producers, with Ingenlath final month reiterating Polestar’s goal is to change into “a really premium sportscar firm”.