Polestar CEO Expresses Puzzlement over US Tariff Decision

TapTechNews June 5th news, Thomas Ingenlath, the CEO of Polestar, expressed puzzlement about the Biden administration's decision to increase tariffs on electric vehicles made in China. He hopes that at least fair trade can be achieved even if free trade is not possible.

Ingenlath said at the recent Polestar 3 and Polestar 4 launch event in Spain, Suddenly the tariff becomes 100%, which will bring certain instability factors. Although Polestar has a deep connection with China and is partially owned by Geely Automobile, the company has been exploring the path of global production as early as three years ago.

Thanks to this, the Polestar 3 that Polestar will sell in the US this year no longer needs to be imported from China. The car will be produced at the Volvo plant near Charleston, South Carolina. Similarly, the Polestar 4 will also be produced at the Renault Korea Motors plant in Busan, South Korea, so that it can also avoid the tariff issue when entering the US market.

Ingenlath said in an interview with AutoNewsEurope, I just hope that if free trade is not reasonable, at least we can have fair trade.

Polestar also hopes to establish a car production base in Europe, but Ingenlath said that this will happen at the earliest after the launch of the Polestar 7, and the car is expected to be released around 2027.

The delivery of the Polestar 3 in the US is expected to begin this quarter. The starting price of the entry-level model is $73,400 (currently about 531,000 RMB). It is equipped with an 111 kWh battery. The dual motors can generate 489 horsepower and 630 pound-feet of torque, and can accelerate from 0 to 60 miles per hour (0 to 96 kilometers per hour) in 5 seconds. The cruising range can reach 315 miles (TapTechNews note: about 506.94 kilometers).