PSNY - EV Maker Polestar Expands Beyond China Amid Tariff Concerns: Report | Benzinga
Chinese-backed Swedish electric vehicle manufacturer Polestar Automotive Holding UK Limited (NASDAQ:PSNY) is reportedly ramping up efforts to diversify production outside of China amid escalating geopolitical tensions.
CEO Thomas Ingenlath discussed Polestar’s strategy amid concerns over potential tariffs on Chinese-made EVs in Europe, indicating plans to expedite exports of the Polestar 3, manufactured in South Carolina, to the European Union, Reuters reported.
Export efforts by Chinese EV companies face increased scrutiny, particularly ...