Polestar 4 will also be produced in a new plant in Busan, South Korea

13 November 2023, 05:18:29

Polestar confirmed the next step in diversifying its manufacturing footprint. Manufacturing of Polestar 4 in Hangzhou Bay, China, will be complemented with manufacturing in Busan, South Korea, expected to start during the second half of 2025. An agreement has been reached between Polestar, Geely Holding and Renault Korea Motors (RKM), that will bring contract manufacturing of Polestar 4 vehicles for the North American and domestic South Korean markets to RKM’s Busan plant.

Located with direct access to exporting ports, the Busan plant has 23 years of experience in vehicle manufacturing and approximately 2,000 employees. The Busan plant aims to reduce its CO2 emissions by 50% by 2030, and to become carbon neutral by 2040, through a combination of energy efficiency improvements and the adoption of renewable energy sources. Polestar’s asset-light approach to development and manufacturing enables it to benefit from the competence, flexibility and scalability of its partners and major shareholders, without needing to invest in its own facilities.

Polestar 4 was first launched at the Shanghai Auto Show in April 2023. The SUV coupé is the second SUV in the Polestar line-up and in addition to incorporating design cues first seen on Polestar’s concept cars, it is also the fastest Polestar production car to date. Polestar 4 is positioned between Polestar 2 and Polestar 3 in terms of size and price.

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