Swedish electric-vehicle maker Polestar moved one step further in avoiding major tariffs imposed on Chinese-made cars on Wednesday when the automaker began production of its Polestar 3 SUV in the United States.
Steep tariffs recently imposed by U.S. and Europe on cars made in China have prompted many automakers to speed up plans to move parts of their production to other countries. Polestar, majority owned by China's Geely, has been manufacturing its vehicles in China and exporting to overseas markets. The Polestar 3, made in Volvo's U.S. plant in South Carolina, will be sold to customers in the U.S. and Europe.
The company also plans to build its Polestar 4 SUV coupes at a South Korean plant of Renault Korea, part owned by Geely, in the second half of 2024 for Europe and the U.S. Until then, deliveries of the 4 in the U.S, expected to start later this year from China, will attract tariffs. The U.S. and South Korea production have been part of Polestar's plan for some time to spread out where it makes its cars. Production in Europe has also been part of its ambition.
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