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

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Polestar (Nasdaq: PSNY) has announced the start of production for its luxury SUV, Polestar 3, in South Carolina, USA. This marks a significant milestone as it becomes the first Polestar vehicle manufactured on two continents. The South Carolina factory will produce cars for both US and European customers, complementing existing production in Chengdu, China.

CEO Thomas Ingenlath highlighted the importance of this move, stating it allows the company to offer American customers an electric SUV built in the USA. He also emphasized the positive reviews and strong customer interest in test drives for the Polestar 3. The company plans to further diversify its manufacturing footprint with Polestar 4 production set to begin in South Korea by mid-2025.

The Polestar 3 is described as a performance SUV for the electric age, featuring Scandinavian design, advanced technology, and excellent driving dynamics. It incorporates high-tech components like NVIDIA-powered centralized core computing and advanced safety systems.

Polestar (Nasdaq: PSNY) ha annunciato l'inizio della produzione del suo SUV di lusso, Polestar 3, in Carolina del Sud, USA. Questo rappresenta una tappa significativa in quanto diventa il primo veicolo Polestar prodotto su due continenti. La fabbrica in Carolina del Sud produrrà automobili sia per i clienti americani che per quelli europei, integrando la produzione già esistente a Chengdu, in Cina.

Il CEO Thomas Ingenlath ha sottolineato l'importanza di questa mossa, affermando che consente all'azienda di offrire ai clienti americani un SUV elettrico costruito negli USA. Ha inoltre enfatizzato le recensioni positive e il forte interesse dei clienti per i test drive del Polestar 3. L'azienda prevede di diversificare ulteriormente la sua presenza produttiva con l'inizio della produzione del Polestar 4, previsto in Corea del Sud per la metà del 2025.

Il Polestar 3 è descritto come un SUV ad alte prestazioni per l'era elettrica, caratterizzato da un design scandinavo, tecnologia avanzata e dinamiche di guida eccellenti. Incorpora componenti high-tech come il computing centrale alimentato da NVIDIA e sistemi di sicurezza all'avanguardia.

Polestar (Nasdaq: PSNY) ha anunciado el inicio de la producción de su SUV de lujo, Polestar 3, en Carolina del Sur, EE. UU. Esto marca un hito significativo, ya que se convierte en el primer vehículo Polestar fabricado en dos continentes. La fábrica de Carolina del Sur producirá automóviles tanto para clientes estadounidenses como europeos, complementando la producción existente en Chengdu, China.

El CEO Thomas Ingenlath destacó la importancia de este movimiento, afirmando que permite a la compañía ofrecer a los clientes americanos un SUV eléctrico construido en EE. UU. También enfatizó las críticas positivas y el fuerte interés de los clientes en las pruebas de manejo del Polestar 3. La compañía planea diversificar aún más su huella de producción con el inicio de la producción del Polestar 4, que comenzará en Corea del Sur a mediados de 2025.

El Polestar 3 se describe como un SUV de alto rendimiento para la era eléctrica, con un diseño escandinavo, tecnología avanzada y excelentes dinámicas de conducción. Incorpora componentes de alta tecnología como computación centralizada impulsada por NVIDIA y sistemas avanzados de seguridad.

포르스태르(나스닥: PSNY)는 미국 사우스캐롤라이나에서 럭셔리 SUV 폴스타 3의 생산을 시작한다고 발표했습니다. 이는 두 대륙에서 제조되는 첫 번째 폴스타 차량이라는 점에서 중요한 이정표입니다. 사우스캐롤라이나 공장은 미국 및 유럽 고객을 위해 자동차를 생산하며, 중국 청두에서의 기존 생산을 보완합니다.

CEO 토마스 잉겐라스는 이 조치의 중요성을 강조하며, 이는 미국에서 제조된 전기 SUV를 미국 고객에게 제공할 수 있게 해준다고 밝혔습니다. 또한, 폴스타 3에 대한 긍정적인 리뷰와 강한 고객 관심을 강조했습니다. 이 회사는 2025년 중반까지 한국에서 폴스타 4 생산을 시작할 계획으로, 생산 범위를 더욱 다양화할 계획입니다.

폴스타 3는 스칸디나비아 디자인, 첨단 기술 및 우수한 주행 역학을 갖춘 전기 시대를 위한 성능 SUV로 묘사됩니다. NVIDIA 기반의 중앙 집중식 컴퓨팅 및 첨단 안전 시스템과 같은 첨단 구성 요소를 통합하고 있습니다.

Polestar (Nasdaq: PSNY) a annoncé le lancement de la production de son SUV de luxe, Polestar 3, en Caroline du Sud, aux États-Unis. Cela marque une étape significative car il s'agit du premier véhicule Polestar fabriqué sur deux continents. L'usine de Caroline du Sud produira des voitures pour des clients américains et européens, complétant la production déjà existante à Chengdu, en Chine.

Le PDG Thomas Ingenlath a souligné l'importance de cette démarche, déclarant qu'elle permet à l'entreprise d'offrir aux clients américains un SUV électrique fabriqué aux États-Unis. Il a également mis en avant les critiques positives et le fort intérêt des clients pour les essais de conduite du Polestar 3. L'entreprise prévoit de diversifier encore davantage sa production avec le lancement de la production du Polestar 4, prévu en Corée du Sud d'ici la mi-2025.

Le Polestar 3 est décrit comme un SUV performant pour l'ère électrique, doté d'un design scandinave, d'une technologie avancée et d'une excellente dynamique de conduite. Il intègre des composants high-tech comme un calcul centralisé alimenté par NVIDIA et des systèmes de sécurité avancés.

Polestar (Nasdaq: PSNY) hat den Produktionsstart seines Luxus-SUVs, Polestar 3, in South Carolina, USA, angekündigt. Dies stellt einen bedeutenden Meilenstein dar, da es das erste Polestar-Fahrzeug ist, das auf zwei Kontinenten hergestellt wird. Die Fabrik in South Carolina wird Autos für Kunden in den USA und Europa produzieren und ergänzt die bestehende Produktion in Chengdu, China.

CEO Thomas Ingenlath hob die Bedeutung dieses Schrittes hervor und erklärte, dass das Unternehmen damit amerikanischen Kunden ein in den USA gebautes Elektro-SUV anbieten könne. Er betonte auch die positiven Bewertungen und das große Kundeninteresse an Testfahrten für den Polestar 3. Das Unternehmen plant, seine Produktionsstandorte weiter zu diversifizieren, indem die Produktion des Polestar 4 Mitte 2025 in Südkorea beginnen soll.

Der Polestar 3 wird als leistungsstarkes SUV für das Elektrozeitalter beschrieben, das skandinavisches Design, fortschrittliche Technologie und hervorragende Fahrdynamik vereint. Er integriert hochmoderne Komponenten wie zentrale Computing-Lösungen, die von NVIDIA betrieben werden, und fortschrittliche Sicherheitssysteme.

Positive
  • Production of Polestar 3 started in South Carolina, USA, expanding manufacturing to two continents
  • South Carolina factory will produce cars for both US and European markets
  • Positive reviews and strong customer interest reported for Polestar 3
  • Plans to further diversify manufacturing with Polestar 4 production in South Korea by mid-2025
Negative
  • None.

Insights

Polestar's commencement of Polestar 3 production in South Carolina marks a significant milestone for the company's expansion strategy. This move allows Polestar to tap into the lucrative U.S. market more effectively, potentially boosting sales and market share. The dual-continent production approach enhances supply chain resilience and may lead to cost efficiencies in the long run.

However, the impact on Polestar's financials remains to be seen. While local production could reduce import-related costs, the initial investment and operational expenses in the U.S. facility might offset immediate gains. The success of this strategy will largely depend on consumer demand for the Polestar 3 and the company's ability to compete with established luxury EV manufacturers in the American market.

The launch of U.S. production for the Polestar 3 is a strategic move to capitalize on the growing demand for luxury electric SUVs in North America. This segment has seen robust growth, with competitors like Tesla Model X and Audi e-tron gaining traction. By manufacturing locally, Polestar can potentially benefit from shorter delivery times and reduced logistics costs, which could translate to competitive pricing or improved margins.

The decision to export U.S.-made vehicles to Europe is intriguing, possibly leveraging favorable exchange rates or production efficiencies. However, the success of this strategy will hinge on Polestar's ability to maintain consistent quality across production sites and effectively manage its global supply chain.

Polestar's emphasis on advanced technology in the Polestar 3, particularly the centralized core computing powered by NVIDIA, positions the vehicle at the forefront of automotive tech. This focus on high-performance computing aligns with the industry trend towards software-defined vehicles, potentially offering superior user experiences and over-the-air update capabilities.

The integration of advanced safety systems further enhances the Polestar 3's appeal in a market increasingly concerned with vehicle safety. However, the true differentiator will be how effectively Polestar leverages these technologies to create a unique and compelling user experience that sets it apart from competitors in the luxury EV space.

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.

Polestar 3 manufactured in South Carolina (Photo: Business Wire)

Polestar 3 manufactured in South Carolina (Photo: Business Wire)

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/.

Theo Kjellberg

Head of Corporate PR

theo.kjellberg@polestar.com

Source: Polestar

FAQ

Where is the Polestar 3 being manufactured?

The Polestar 3 is now being manufactured in South Carolina, USA, in addition to the existing production in Chengdu, China.

When did production of Polestar 3 start in the USA?

Polestar announced the start of Polestar 3 production in South Carolina, USA, on August 14, 2024.

What markets will the US-manufactured Polestar 3 serve?

The Polestar 3 manufactured in South Carolina will serve both the US and European markets.

What is Polestar's stock symbol?

Polestar's stock symbol is PSNY, and it is listed on the Nasdaq.

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