Polestar, Volvo Automotive Group’s standalone electrical efficiency model, will manufacture its first all-electric SUV in the US.
The automaker stated Wednesday that the Polestar 3 will probably be assembled at a plant shared with Volvo Vehicles at a manufacturing facility in Ridgeville, South Carolina. The Polestar 3 follows the all-electric Polestar 2 sedan and the hybrid grand tourer Polestar 1. Manufacturing of Polestar 3 is anticipated to start globally in 2022.
Polestar COO Dennis Nobelius stated manufacturing within the U.S. will scale back supply instances, the environmental influence related to transport autos all over the world and the worth of the Polestar 3.
“All of this makes the model much more aggressive within the vital American gross sales market,” Nobelius stated.
Polestar additionally plans to open round 25 retail areas in the US this 12 months, the place clients can take take a look at drives, free pick-up and supply servicing and cell service.
The Polestar 3 is being constructed for U.S. clients, making this the primary automobile from the model to be manufactured within the nation. The announcement comes two months since Polestar raised $550 million in its first exterior spherical led by Chongqing Chengxing Fairness Funding Fund Partnership, Zibo Monetary Holding and Zibo Hightech Industrial Funding. SK Inc., the South Korean world conglomerate, and a spread of different buyers additionally participated.
Polestar was as soon as a high-performance model beneath Volvo Vehicles. In 2017, the corporate was recast as an electrical efficiency model geared toward producing thrilling and fun-to-drive electrical autos — a distinct segment that Tesla was the primary to fill and has dominated ever since. Polestar is collectively owned by Volvo Automotive Group and Zhejiang Geely Holding of China. Volvo was acquired by Geely in 2010.
Since its launch, Polestar has opened a producing facility in China, constructed a worldwide gross sales and distribution operation, and launched two autos, the Polestar 1 and the all-electric Polestar 2.