Production of Polestar 3, The First Polestar Manufactured In the USA, Starts In South Carolina
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Polestar (NASDAQ:PSNY) has started production of its luxury SUV, Polestar 3, in South Carolina, marking the first Polestar vehicle manufactured in the USA. This move aims to cater to both the US and European markets, complementing existing production in China.
August 14, 2024 | 12:09 pm
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Polestar has started production of its luxury SUV, Polestar 3, in South Carolina, which is expected to boost its presence in the US and European markets.
Starting production in the USA is a significant milestone for Polestar, likely to improve its market share and brand recognition in the US. Additionally, exporting to Europe from the US could streamline logistics and reduce costs, positively impacting revenues.
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