{"id":46265,"date":"2023-03-31T00:03:16","date_gmt":"2023-03-31T04:03:16","guid":{"rendered":"http:\/\/autosector.com\/?p=46265"},"modified":"2023-03-31T00:03:16","modified_gmt":"2023-03-31T04:03:16","slug":"polestar-3-ev-production-beginning-cheaper-us-version-7500-tax-credit","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=46265","title":{"rendered":"Polestar 3 gets ready for release, with cheaper, U.S. built, tax-credit-eligible version coming – Autoblog"},"content":{"rendered":"

Swedish EV-maker Polestar<\/a> (PSNY<\/a>) is inching ever closer towards its big release of the Polestar 3 SUV.<\/p>\n

The company kicked off its roadshow for the electric SUV with the North American debut of the Polestar 3 at an event in New York City. Suffice to say the Polestar 3 will for Polestar \u2014 backed by Volvo<\/a> and China<\/a>\u2019s Geely<\/a> (0175.HK<\/a>) \u2014 be the biggest product release in its history, as it takes on a growing field of EV SUV competitors like the Tesla<\/a> (TSLA<\/a>) Model X<\/a>, Mercedes<\/a> (MBG.DE)<\/a> EQS SUV, and BMW<\/a> (BMW.DE<\/a>) iX<\/a>.<\/p>\n

Polestar will begin global production of the SUV at the Volvo plant in Chengdu, China, starting in mid-2023 but then switch production for North America and other markets starting in mid-2024 out of Volvo\u2019s plant in Ridgeville, S.C. Polestar\u2019s other cars have been built in China, which is all part of the \u201casset-light\u201d business model that Polestar is employing to build cars at existing plants owned by Volvo and Geely.<\/p>\n