AssetID: 54892035
Headline: UNCAPTIONED: Polestar to Build Polestar 7 SUV in Europe to Avoid Tariffs, Launch Set for 2028
Caption: Polestar to Build Polestar 7 SUV in Europe to Avoid Tariffs, Launch Set for 2028. Electric carmaker Polestar announced it will produce its upcoming Polestar 7 SUV at a Volvo Cars factory in Slovakia, shifting more manufacturing out of China. The move aims to reduce the company's exposure to rising tariffs in the U.S. and Europe — where duties now top 100% and 28.8% respectively for China-made EVs. Polestar, which is still chasing its first profit, says the new SUV will launch in 2028. Production will take place at Volvo's new Kosice plant, set to open in 2026 with capacity for 250,000 cars a year. The EU's tariffs target Chinese state subsidies — a claim Beijing denies — and have hit Polestar hard due to its heavy reliance on Chinese factories. To diversify, Polestar is also making some vehicles in the U.S. and South Korea, and recently stopped U.S. orders for its China-made Polestar 2. The announcement marks a strategic shift as Polestar adjusts to global trade tensions while trying to stay competitive in the EV market. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Motoring,Polestar,Polestar 7 SUV,Europe production,Volvo Cars Slovakia,tariffs,U.S. duties,EU tariffs,China-made EVs,2028 launch,Kosice plant,250,000 cars/year,Chinese subsidies,Beijing denial,manufacturing shift,U.S. production,South Korea production,Polestar 2 orders halted,trade tensions,EV market strategy,profitability.
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