Production of the Polestar 3 is being transferred from China to the USA
- Swedish automaker Volvo Cars – a subsidiary of the Chinese Geely Group – has just acquired a 20% stake in Polestar, a premium brand that originated within Volvo but became independent when Geely acquired Volvo in 2010, while simultaneously focusing on electric vehicles. This suggests that Volvo is gradually regaining a foothold in Polestar, and the first likely consequence is the transfer of the Polestar 3 model from a Chinese factory to Volvo's North American plant (Charleston), which currently produces the large electric EX90 SUV and remains largely underutilized. This move will allow Polestar to avoid the tariffs applied to vehicles sold in the US from China.
- In Europe too, the Polestar brand will produce its cars (in a factory in Slovakia located in Kosice) in order to avoid customs duties applied to vehicles sold in Europe from China.
- We also learn that Volvo will now take charge of importing Lynk&Co models into Europe, previously available only by subscription (the Lynk&Co brand is also part of the Geely group ), a system which did not give complete satisfaction.
- Polestar, which according to the Geely group produced nearly 50,000 units in China by 2025 (47,500 of which were exported to Europe), took the opportunity to announce plans to launch four new models by 2028 (including the upcoming Polestar 5 and Polestar 7) to expand its international sales. It's worth noting that Polestar also produced 8,200 cars (Polestar 3) in the United States last year, with 7,200 sold domestically and approximately 1,000 in Canada.