Polestar introduced this teaser impression on June 16, 2021 of its forthcoming Polestar 3 EV SUV, which will be created by Volvo at a plant in South Carolina.
Polestar
Swedish carmaker Volvo plans to develop a new top quality SUV for its electrical Polestar brand at a plant in Charleston, South Carolina, the business said Wednesday.
It will be the to start with auto manufactured domestically for Polestar, which was shaped in 2017 by Volvo Cars and trucks and its China-based mostly dad or mum corporation, Geely Keeping Team. It also is envisioned to be one of the 1st electric autos, if not the first, developed by Volvo in the U.S.
Polestar CEO Thomas Ingenlath said the new Polestar 3 SUV will “unquestionably” be the new flagship for the model as it expands its lineup and retail network in the U.S.
“It will be a massive milestone for our manufacturer,” he told CNBC during an job interview. “The expression of the vehicle will be so a lot Polestar and display in which our manufacturer is heading in the future in advance.”
Personnel assembling areas of a Volvo AB S60 sedan at the Volvo Autos United states plant in Ridgeville, South Carolina, U.S., on Wednesday, June 20, 2018.
Logan Cyrus | Bloomberg | Getty Photos
Volvo is investing $118 million for production of the Polestar 3 at the South Carolina plant. The car is anticipated to go into production in 2022. It will have the similar platform as the subsequent-generation Volvo XC90, which also will be developed at the plant.
Polestar is exceptional, as it is really an electrical-motor vehicle brand name from an established automaker, somewhat than a new EV start out-up or a common automotive manufacturer including EVs to its lineup. Such a construction permits Polestar to go speedily even though possessing the methods of an proven automaker to count on when required, according to Ingenlath.
In April, Polestar announced that it experienced raised $550 million from a group of lengthy-expression exterior traders and that a lot more fundraising was a risk.
Polestar presently operates in 13 nations around the world, with plans to sell tens of 1000’s of cars globally.