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Daily Newsletter

10 November 2023

Daily Newsletter

10 November 2023

RKM to make Polestar in Busan

First full electric vehicle produced there

Dani Cole November 10 2023

Polestar, Geely Group and Renault Korea Motors (RKM) have reached an agreement for the production of Polestar 4 vehicles at RKM’s plant in Busan for North America and South Korea.

Stephane Deblaise, chief executive officer of RKM, said: “Polestar 4 will be the first full electric vehicle produced in Busan plant.”

Thomas Ingenlath, Polestar CEO said: “We’re very happy to take the next step in diversifying our manufacturing footprint together with Geely Holding and Renault Korea Motors."

"With Polestar 3 ontrack to start production in Chengdu, China in early 2024 and in South Carolina, US, in the summer of 2024, we will soon have manufacturing operations in five factories, across three countries, supporting our global growth ambitions.”

Since 2022, Renault Korea has been focusing on producing high end electric D and E segment cars for domestic and international sale.

Busan has annual capacity for 300,000 units.

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