No more Chinese Polestar 3s as production shifts entirely to the US
Summary
Polestar 3 production is being consolidated entirely at Volvo's Charleston, SC factory, ending production in Chengdu, China. The move aims to generate efficiencies and better meet regional/export demand, with the EX60 and a new Volvo hybrid also slated for Charleston. The announcement includes a financing maneuver where Volvo extends and converts parts of a shareholder loan to Polestar into equity, signaling ongoing corporate support amid Polestar's improving sales.