-

The First Polestar Manufactured in the USA: Production of Polestar 3 Starts in South Carolina

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that production of its luxury SUV, Polestar 3, has started in South Carolina, USA. This makes the Polestar 3 the first Polestar to be produced on two continents.

The factory in South Carolina produces cars for customers in the US and Europe, complementing existing production in Chengdu, China.

Thomas Ingenlath, Polestar’s CEO, comments:

“Manufacturing Polestar 3 in the USA is a crucial step for us. Now we offer customers in America an electric SUV that is built in America. Exporting the South Carolina produced Polestar 3 to Europe will strengthen our business on a broader scope. Polestar 3 has received superb reviews from global automotive media, with strong customer test drive interest.”

“I strongly believe this is the best looking and best driving SUV in the market today.”

The Company is also taking additional steps to diversify its wider manufacturing footprint, with production of Polestar 4 set to start in South Korea from the middle of 2025.

Polestar’s asset-light approach to development and manufacturing enables it to benefit from the competence, flexibility and scalability of its partners and major shareholders.

Polestar 3 is the performance SUV for the electric age, combining Scandinavian design, cutting edge technology and excellent driving dynamics. It features the latest in high-tech components – like centralized core computing powered by NVIDIA and a long list of advanced safety systems.

Test drives of the Polestar 3 can be booked from your local Polestar Space or via https://www.polestar.com/test-drive/booking/.

Contacts

Theo Kjellberg
Head of Corporate PR
theo.kjellberg@polestar.com

Polestar

NASDAQ:PSNY

Release Versions

Contacts

Theo Kjellberg
Head of Corporate PR
theo.kjellberg@polestar.com

More News From Polestar

Polestar announces equity financing transaction of USD 300 million and a USD 300 million debt to equity conversion

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) today announced a USD 300 million equity investment by Banco Bilbao Vizcaya Argentaria, S.A. and NATIXIS, with USD 150 million each. Concurrent with the purchase, these financial institutions have each entered into a put option arrangement with a wholly-owned subsidiary of Geely Sweden Holdings AB, which provides the financial institutions with an exit path, if needed, in three years with certain returns, as part of this equity financ...

Polestar Secures New Term Loan Facility of Up To USD 600 Million

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY), as borrower, entered into a credit agreement with a wholly owned subsidiary, as lender, of Geely Sweden Holdings AB in relation to a subordinated term loan facility of up to USD 600 million, of which the last USD 300 million would require lender consent based on Polestar’s future liquidity needs. The term loan facility is available to Polestar for general corporate purposes. About Polestar Polestar (Nasdaq: PSNY) is the Swedish elect...

Polestar announces date for implementation of ADS ratio change from 1:1 to 1:30 ordinary shares

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) (the “Company”) today announces that the effective date for the previously announced plan to change the ratio of its American Depositary Shares to ordinary shares will occur on 9 December 2025 (the “Effective Date”). Specifically, the Company’s Class A, Class B, Class C-1 and Class C-2 American Depositary Shares (collectively, the “ADSs”) ratio to the respective Class A, Class B, Class C-1 and Class C-2 ordinary shares (the “ADS Ratio...
Back to Newsroom