Polestar to consolidate Polestar 3 production in the USA facility On March 31, Polestar announced that it will work with Volvo Cars to improve efficiency by consolidating the production of future Polestar 3 vehicles at a single facility in Ridgeville, South Carolina. Additionally, Volvo Cars has agreed to convert approximately USD 274 million of its outstanding shareholder loan into equity in Polestar. It is also expected to undertake a further c...

News  Updated at: 2026/03/31

Polestar advances battery circularity in Polestar 2 and Polestar 3 On March 24, Polestar announced that the batteries used in its Polestar 2 and Polestar 3 now contain at least 50% recycled cobalt, to reduce reliance on virgin materials, improve supply chain transparency, and promote battery circularity. Polestar works with Volvo Cars battery centres to refurbish high-voltage batteries. The Polestar 2 and Polestar 3 vehicles that need replacement...

News  Updated at: 2026/03/25

Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for February 2026. China passenger car production and sales volumes in February 2026 Retail February retail sales volumes of passenger cars totaled 1.034 million units, reflecting a year-over-year (y/y) decrease of 25.4%. Year-to-date (YTD) retail sales volume totaled 2.578 million units, down 18.9% ...

News  Updated at: 2026/03/16

e production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for January 2026. China passenger car production and sales volumes in January 2026 Retail January retail sales volumes of passenger cars totaled 1.544 million units, reflecting a y/y decrease of 13.9%. Luxury car retail sales volumes totaled 180,000 units, down 15% y/y. Retail sales volumes of domestic brands totaled 890,000 units, down 18% y/y...

News  Updated at: 2026/02/13

approved. In September  2025, the company revealed plans to begin production of its XC60 crossover in late 2026 at the plant in Ridgeville, South Carolina followed by a “next-gen hybrid model” that was “designed to meet the specific demands of the U.S. market” later this decade. The USD 1.3 billion plant currently produces the Volvo EX90 and Polestar 3. Samuelsson would not say whether the next-gen hybrid under consideration for product...

News  Updated at: 2026/01/31

Turismo concept, whose design cues and interface elements have already filtered into the new Opel Astra facelift unveiled at the event. Meanwhile, Hyundai announced at the show that its Concept Three Hatchback—which was revealed at the IAA Mobility Show in 2025—would form the basis of the Ioniq 3 scheduled to launch later this year. Thus, concept cars are generally becoming controlled experiments to validate design language, interiors and sof...

News  Updated at: 2026/01/29

Geely Holding Group to strive for global sales volume exceeding 6.5 million vehicles by 2030 On January 22, Geely Holding Group announced key and strategic targets for 2030. By 2030, Geely Holding Group will achieve a global passenger and commercial vehicle sales volume exceeding 6.5 million units (with New Energy Vehicles (NEVs) and sales from markets outside of China accounting for around 75% and over one-third, respectively) to rank among the ...

News  Updated at: 2026/01/27

Geely Holding Group achieves 2025 global sales volume of 4.116 million units, up 26% y/y On January 9, 2026, Geely Holding Group announced that in 2025, it achieved a global total sales volume of 4,116,321 units, up 26% year-over-year (y/y), growing rapidly for 5 consecutive years, breaking through the 4-million-unit mark for the first time, and setting a record high. New Energy Vehicles (NEVs) accounted for 2,293,099 units (56%), up 58% y/y and ...

News  Updated at: 2026/01/14

and MPVs, excluding minivans) for December 2025. China passenger car production and sales volumes in December 2025 Retail December retail sales volumes of passenger cars totaled 2.261 million units, reflecting a year-over-year (y/y) decrease of 14.0%. Year-to-date (YTD) retail sales volume totaled 23.744 million units, up 3.8% y/y. Luxury car retail sales volumes totaled 290,000 units, down 1% y/y. Retail sales volumes of domestic brands totaled ...

News  Updated at: 2026/01/13

Polestar begins deliveries of Polestar 4 to customers in U.S. On December 15, Polestar announced it has begun delivering Polestar 4 to customers in the U.S. The Polestar 4 SUV coupe is now sold alongside the Polestar 2, and the Polestar 3 SUV (manufactured in Ridgeville, South Carolina). “Polestar 4 plays a pivotal role in our brand’s lineup alongside the built-in-the-U.S. Polestar 3, this now gives Polestar two unique SUV offerings now avai...

News  Updated at: 2025/12/16

ada, as the electric three-row crossover is built in the U.S. and subject to 25% Canadian counter-tariffs. Canada introduced retaliatory tariffs on U.S.-built vehicles this April, soon after U.S. President Trump enacted a 25% tariff on vehicles imported from Canada. The EX90 is built alongside the Polestar 3 in Ridgeville, South Carolina, and was the only model Volvo Car Canada imported from the U.S., the rest being from other countries. (multip...

News  Updated at: 2025/12/13

MPVs, excluding minivans) for November 2025. China passenger car production and sales volumes in November 2025 Retail November retail sales volumes of passenger cars totaled 2.225 million units, reflecting a year-over-year (y/y) decrease of 8.1%. Year-to-date (YTD) retail sales volume totaled 21.483 million units, up 6.1% y/y. Luxury car retail sales volumes totaled 240,000 units, down 7% y/y. Retail sales volumes of domestic brands totaled 1.49...

News  Updated at: 2025/12/09

New vehicle sales by 5 major OEMs in South Korea decrease 6.2% in November Five Korean automakers announced domestic new vehicle sales in November. New vehicle sales in South Korea decreased by 6.2% compared to the same month in the previous year to 115,933 units. While the U.S.–Korea tariff agreement eased part of the industry’s uncertainty, the expiration of U.S. EV tax credits, limited new model launches, and weak domestic demand weighed o...

News  Updated at: 2025/12/02

Polestar CEO says North America strategy based on manufacturing in Korea On November 20, Polestar CEO Michael Lohscheller spoke to media in Yongsan, Seoul, about many thing including the company’s strategy going forward. Lohscheller said Polestar is poised to leverage its production capacity at Renault Korea’s Busan plant as a strategic export base to North America, diversifying from its once China-heavy supply chain. “We’re focusing on E...

News  Updated at: 2025/11/22

Euro NCAP tests 23 new models ahead of 2026 standards On November 19, Euro NCAP tested 23 new car models ahead of its updated 2026 testing standards. These include everything from electric SUVs to luxury coupés and family cars. Out of the 23 vehicles, 18 of the models earned a 5-star rating. Although many cars now achieve 5 stars, the real difference comes from the percentage scores in each of Euro NCAP’s four safety categories. These measures...

News  Updated at: 2025/11/19

Polestar launches bi-directional charging in U.S. starting with California On November 18, Polestar announced that together with home energy company dcbel, it is launching a vehicle-to-home (V2H), blackout protection support and smart charging solution for Polestar 3 customers in the U.S., starting with California. The action represents the first step in enabling bi-directional charging to customers, ultimately making it possible to use the car a...

News  Updated at: 2025/11/19

Polestar announces 1-for-30 reverse stock split to maintain Nasdaq listing On November 14, Sweden-based Polestar announced it would conduct a 1-for-30 reverse stock split of its American Depository Shares (ADS) as it seeks to avoid a Nasdaq delisting. The reverse split, which consolidates multiple shares into fewer, will not change the value of investors' overall holdings but can mechanically lift the share price above USD 1 to regain compliance ...

News  Updated at: 2025/11/15

of 0.8%. Year-to-date (YTD) retail sales volume totaled 19.250 million units, up 7.9% y/y. Luxury car retail sales volumes totaled 190,000 units, down 10% y/y. Retail sales volumes of domestic brands totaled 1.55 million units, up 4% y/y. Domestic brands had a market share of 68.7% of the total, up 3 percentage points y/y. Retail sales volumes of mainstream joint venture brands totaled 510,000 units, down 10% y/y. Specifically, German brands had ...

News  Updated at: 2025/11/11

olumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for September 2025. China passenger car production and sales volumes in September 2025 Retail September retail sales volumes of passenger cars totaled 2.241 million units, reflecting a year-over-year (y/y) increase of 6.3%. Year-to-date (YTD) retail sales volume totaled 17.005 million units, up 9.2% y/y. Luxury car retail sales volumes totaled 240,000 units, down 1% y...

News  Updated at: 2025/10/15

Polestar announces upgrades to 2026 MY Polestar 3 On October 1, Polestar announced extensive hardware upgrades for the 2026 model year of the Polestar 3. Central to the improvements is the adoption of a new 800-volt electrical architecture, enabling peak DC fast charging of up to 350-kW, being able to charge from 10% to 80% in 22 minutes, over 25% faster than before. Efficiency also increases by up to 6% (WLTP), supported by new CATL lithium-ion ...

News  Updated at: 2025/10/02