news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

The European Union and the United States are expected to significantly increase the existing new car tariffs on electric vehicles produced in China. For this reason, the Polestar pure electric brand jointly launched by Geely Holding Group and the Volvo brand also officially announced a few days ago that the first Polestar 3 pure electric SUV manufactured by the South Carolina factory in the United States has officially rolled off the production line a few days ago. In the future, it will be responsible for supplying the US and European markets, thereby avoiding the new car import tariffs originally produced in China that will be increased in the future.

In addition to extending the Polestar 3 new car's Chinese production line to the US factory for the first time, Polestar CEO Thomas Ingenlath also said that the Polestar 4 is expected to be produced in South Korea in mid-2025. At the same time, there are plans to extend the vehicle production line to Europe in the future, and cooperate with brands such as Volvo to plan new car production lines.

The above-mentioned change in the production location of the new cars can allow the Polestar brand to avoid being subject to increased tariffs when its products are sold to the United States, Europe and other places. However, according to the latest reports from foreign media, in addition to the United States' future tariffs on Chinese-made electric vehicles will increase from 25% to 100%, even the tax rate on Chinese-made batteries will be increased from 7.5% to 25%.

The Polestar 3 series, which is supplied to customers in the European and American markets, will be moved to the United States for production, which can avoid the increased tariffs on Chinese-made electric vehicles by Europe and the United States. However, it uses batteries from CATL, and the United States will also increase its tax rate from 7.5% to 25% in the future, which will increase the burden of its new car production costs.

Given that the new cars currently produced by Polestar still mainly use batteries from CATL, although moving the production of Polestar's new cars to the United States can avoid increased vehicle tariffs, the significant increase in battery tariff costs will still lead to an increase in the production costs of new cars, and therefore will reduce Polestar's competitiveness in the US new car market.