Polestar Plans to Commence EV Production in South Carolina from 2024
<p><a href='https://financialmodelingprep.com/financial-summary/PSNY'>Polestar (NASDAQ:PSNY)</a> CEO, Thomas Ingenlath, informed journalists that the luxury electric vehicle brand intends to commence production in South Carolina for the U.S. and European markets from 2024.</p> 
<p>Currently, Polestar produces its three existing models from plants located in Chengdu and Taizhou, China, exporting them to various countries, including the U.S.</p>
<p>Additionally, the CEO mentioned during an auto show that production of the Polestar 4 is expected to begin later this year in Hangzhou Bay, China. Preorders for the Polestar 4 will be available in China starting today and in all other markets by 2024.</p>
<p>In 2022, Polestar delivered over 50,000 vehicles worldwide and aims to sell 80,000 this year, mostly through the Polestar 2 hatchback.</p>

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