Autoblog
Swedish EV-maker Polestar (PSNY) is inching ever closer towards its big release of the Polestar 3 SUV. Suffice to say the Polestar 3 will for Polestar — backed by Volvo and China’s Geely (0175.HK) — be the biggest product release in its history, as it takes on a growing field of EV SUV competitors like the Tesla (TSLA) Model X, Mercedes (MBG.DE) EQS SUV, and BMW (BMW.DE) iX. 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’s plant in Ridgeville, S.C. Polestar’s other cars have been built in China, which is all part of the “asset-light” business model that Polestar is employing to build cars at existing plants owned by Volvo and Geely.