Will Trump’s trade war kill Polestar’s plans to take on Tesla?
LOS ANGELES — The Polestar 2, the first electric car to go straight up against Tesla’s Model 3, is due to go on sale in the U.S. by summer 2020. But will it?
If the trade war between China and the U.S. gets much worse, the car — which will be made at a factory in Luqiao, China — might not be sold in the U.S. at all, said Thomas Ingenlath, Polestar’s chief executive.
Polestar is a new electric car brand from Volvo, which in turn is owned by China automotive giant Zhejiang Geely Holding Group, known as Geely for short.
The Polestar 2 is a sporty electric sedan with 275 miles of range, priced between $45,000 and $65,000 before federal and state incentives, which can reduce that by as much as $10,000.