EV Maker Polestar Expands Beyond China Amid Tariff Concerns: Report
EV Maker Polestar Expands Beyond China Amid Tariff Concerns: Report
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.
Export efforts by Chinese EV companies face increased scrutiny, particularly in Europe and the U.S., over allegations of overcapacity and unfair state subsidies, with the European Commission initiating an investigation last October, the report added.
Following a major ownership restructuring, with Geely Automobile Holding (OTC:GELYY) and a private investment firm owned by Geely's founder now holding a combined 69% stake, while Volvo Cars' ownership reduced to 18%, Polestar aims to navigate operational challenges amid evolving market dynamics.
Polestar aims to deliver between 155,000 to 165,000 cars in 2025, with a focus on expanding its global sales footprint, aiming for a sales distribution of 40% in Europe, 30% in the U.S., and 30% in the Asia-Pacific region, per the report.
Despite the ownership restructuring, Ingenlath reassured that the day-to-day operations of the automaker are expected to remain unaffected.
Price Action: PSNY shares are trading lower by 3.94% at $1.23 at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
據報道,在地緣政治緊張局勢升級的情況下,中國支持的瑞典電動汽車製造商英國極星汽車控股有限公司(納斯達克股票代碼:PSNY)正在加大力度實現中國以外的生產多元化。
由於擔心中國製造的電動汽車可能在歐洲徵收關稅,首席執行官托馬斯·英格拉特討論了Polestar的戰略,並表示計劃加快向歐盟出口在南卡羅來納州製造的Polestar 3。
報告補充說,中國電動汽車公司的出口工作因涉嫌產能過剩和不公平的國家補貼而面臨越來越多的審查,尤其是在歐洲和美國,歐盟委員會於去年10月啓動了調查。
在進行重大所有權重組之後,吉利汽車控股公司(場外交易代碼:GELYY)和吉利創始人旗下的一傢俬人投資公司目前共持有69%的股份,而沃爾沃汽車的所有權降至18%,Polestar的目標是在不斷變化的市場動態中應對運營挑戰。
報告稱,Polestar的目標是在2025年交付15.5萬至16.5萬輛汽車,重點是擴大其全球銷售足跡,目標是在歐洲實現40%的銷售分佈,在美國達到30%,在亞太地區的銷售分佈達到30%。
儘管進行了所有權重組,但Ingenlath保證,該汽車製造商的日常運營預計將不受影響。
價格走勢:在週三的最後一次支票中,PSNY股價下跌3.94%,至1.23美元。
免責聲明:此內容部分是在人工智能工具的幫助下製作的,並由Benzinga的編輯審閱和發佈。
譯文內容由第三人軟體翻譯。
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