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Polestar Delivers First Polestar 3 Manufactured in U.S. to North American Customers

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Polestar has begun delivering its first U.S.-manufactured Polestar 3 SUVs to customers in North America, with vehicles now being produced at their South Carolina plant. The deliveries, which started in the U.S. and Canada a few weeks ago, mark a significant milestone as Polestar expands from a one- to a three-car brand. Deliveries are set to accelerate in the coming weeks, with test drives available at Polestar Spaces across both countries. In Canada, deliveries are focused in Montreal, Toronto, and Vancouver, which represent over 90% of the country's EV market.

Polestar ha iniziato a consegnare i suoi primi SUV Polestar 3 prodotti negli Stati Uniti ai clienti in Nord America, con veicoli ora in produzione presso il loro stabilimento in Carolina del Sud. Le consegne, che sono iniziate negli Stati Uniti e in Canada alcune settimane fa, rappresentano una pietra miliare significativa mentre Polestar si espande da un marchio di una sola auto a uno di tre auto. Le consegne sono destinate ad accelerare nelle prossime settimane, con test drive disponibili presso gli spazi Polestar in entrambi i paesi. In Canada, le consegne si concentrano su Montreal, Toronto e Vancouver, che rappresentano oltre il 90% del mercato EV del paese.

Polestar ha comenzado a entregar sus primeros SUV Polestar 3 fabricados en EE.UU. a clientes en América del Norte, con vehículos que ahora se producen en su planta de Carolina del Sur. Las entregas, que comenzaron en EE.UU. y Canadá hace unas semanas, marcan un hito significativo a medida que Polestar se expande de una marca de un solo auto a una de tres autos. Se espera que las entregas se aceleren en las próximas semanas, con pruebas de manejo disponibles en los Espacios Polestar en ambos países. En Canadá, las entregas se centran en Montreal, Toronto y Vancouver, que representan más del 90% del mercado de vehículos eléctricos del país.

폴스타는 북미 고객에게 미국에서 제조된 첫 번째 폴스타 3 SUV를 배송하기 시작했습니다. 이제 차량은 사우스캐롤라이나 공장에서 생산되고 있습니다. 미국과 캐나다에서 몇 주 전에 시작된 배송은 폴스타가 한 대에서 세 대 브랜드로 확장하는 중요한 이정표를 나타냅니다. 앞으로 몇 주 동안 배송이 가속화될 예정이며, 두 나라의 폴스타 스페이스에서 시승이 가능합니다. 캐나다에서는 몬트리올, 토론토, 밴쿠버에 배송이 집중되며, 이들 지역은 캐나다 전기차 시장의 90% 이상을 차지합니다.

Polestar a commencé à livrer ses premiers SUV Polestar 3 fabriqués aux États-Unis aux clients d'Amérique du Nord, les véhicules étant désormais produits dans leur usine de Caroline du Sud. Les livraisons, qui ont débuté aux États-Unis et au Canada il y a quelques semaines, marquent une étape significative alors que Polestar passe d'une marque de voiture à une marque de trois voitures. Les livraisons devraient s'accélérer dans les semaines à venir, avec des essais disponibles dans les Espaces Polestar dans les deux pays. Au Canada, les livraisons sont concentrées à Montréal, Toronto et Vancouver, qui représentent plus de 90 % du marché des VE du pays.

Polestar hat begonnen, seine ersten in den USA hergestellten Polestar 3 SUVs an Kunden in Nordamerika zu liefern, wobei die Fahrzeuge jetzt in ihrem Werk in South Carolina produziert werden. Die Lieferungen, die vor einigen Wochen in den USA und Kanada begonnen haben, markieren einen bedeutenden Meilenstein, da Polestar sich von einer Marke mit einem Auto auf eine Marke mit drei Autos erweitert. In den kommenden Wochen werden die Lieferungen voraussichtlich zunehmen, und Probefahrten sind in den Polestar Spaces in beiden Ländern möglich. In Kanada konzentrieren sich die Lieferungen auf Montreal, Toronto und Vancouver, die mehr als 90 % des EV-Marktes des Landes ausmachen.

Positive
  • Expansion of production capacity with U.S. manufacturing facility in South Carolina
  • Successfully transitioning from one-car to three-car brand portfolio
  • Strong market presence in key North American EV markets
Negative
  • None.

Insights

The start of U.S.-manufactured Polestar 3 deliveries marks a significant operational milestone for PSNY, signaling improved production capabilities and potential cost efficiencies. Local manufacturing reduces logistics costs and import duties while strengthening the company's position in the competitive North American EV market.

The expansion from one to three car models demonstrates meaningful portfolio diversification, particularly with the Polestar 3 SUV targeting the lucrative North American SUV segment. High customer interest and expanding test drive availability across major markets indicate strong demand potential. However, investors should note that specific delivery numbers and financial impact details are absent from this announcement.

With presence in 27 global markets and planned expansion by 2025, plus an ambitious roadmap to 5 performance EVs by 2026, PSNY is positioning for significant growth. The focus on climate-neutral production by 2030 aligns with increasing ESG demands from investors and consumers.

MAHWAH, N.J.--(BUSINESS WIRE)-- Polestar, the Swedish premium electric performance car brand, has delivered its first U.S.-built Polestar 3 SUVs to customers in the North American market. Deliveries of Polestar 3 began around the U.S. and Canada in the past few weeks and now units manufactured in the South Carolina plant have begun as well. The SUV for the electric age plays an important role in the brand’s continued development, as Polestar moves from a one- to a three-car brand with Polestar 2, Polestar 3 and Polestar 4.

(Photo: Business Wire)

(Photo: Business Wire)

“From our retail partners to our employees, I’m extremely proud and excited for the delivery of U.S.-built Polestar 3’s making their way to customers,” said Anders Gustafsson, Head of Polestar North America. “Polestar 3 plays a pivotal role in our brand’s expanding lineup as an SUV designed for the North American market, proudly assembled in South Carolina, and now being handed over to North American customers.”

Deliveries of Polestar 3 are set to accelerate in the coming weeks in the U.S. and Canada. With significant acclaim from automotive media, customer interest for Polestar 3 remains high, and local Polestar 3 test drives are available in Polestar Spaces.

While Polestar 3 deliveries continue across Polestar Spaces throughout the U.S. to enthusiastic customers, deliveries in Canada also took place in Montreal, Toronto and Vancouver, which make up over 90 percent of the country’s EV market.

Polestar 3 test drives can be booked at your local Polestar Space by clicking the following https://www.polestar.com/test-drive/booking.

About Polestar

Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand determined to improve society by using design and technology to accelerate the shift to sustainable mobility. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific. Polestar is scheduled to expand into additional markets in 2025.

Polestar’s North American headquarters is in the greater New York City area. Polestar Spaces have been opened in over 30 of the region's top electric vehicle markets.

Polestar has three models in its line-up: Polestar 2, an electric performance fastback; Polestar 3, the SUV for the electric age; and Polestar 4, the SUV coupé transformed. With plans to have a line-up of five performance EVs by 2026, Polestar 5, an electric four-door GT and Polestar 6, an electric roadster, are coming soon.

The Polestar 0 project supports the company’s ambitious goal of creating a truly climate-neutral production car by 2030. The research initiative also aims to create a sense of urgency to act on the climate crisis, by challenging employees, suppliers and the wider automotive industry, to drive towards zero.

Michael Ofiara

+1 (201) 675-1326

michael.ofiara@polestar.com

Source: Polestar

FAQ

Where is the Polestar 3 being manufactured in the United States?

The Polestar 3 is being manufactured at Polestar's plant in South Carolina.

Which Canadian cities are receiving the first Polestar 3 (PSNY) deliveries?

The first Polestar 3 deliveries in Canada are taking place in Montreal, Toronto, and Vancouver, which represent over 90% of Canada's EV market.

How many car models does Polestar (PSNY) currently have in its lineup?

Polestar currently has three models in its lineup: Polestar 2 (electric performance fastback), Polestar 3 (SUV), and Polestar 4 (SUV coupé).

When did Polestar (PSNY) begin delivering U.S.-built Polestar 3 vehicles?

Polestar began delivering U.S.-built Polestar 3 vehicles to North American customers in late 2023/early 2024.

Gores Guggenheim, Inc.

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