The U.S. Commerce Department restricted Polestar sales in Europe citing national security risks under Joe Biden's administration.
1 report, 1 independent
Updated Jun 25
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What happened
The U.S. Commerce Department restricted Polestar sales in Europe citing national security risks under Joe Biden's administration.
Who's involved
What this event is mainly aboutKeep exploring
Part of
PoleStar and Tesla are navigating market challenges, including consumer reluctance and tariff impacts, by localizing manufacturing bases in Europe and Slovakia.Also in this story
- Polestar, controlled by Li Shufu, is shifting production to Slovakia to reduce tariff exposure and diversify away from China.
- Polestar will build an SUV at a Volvo Cars factory in Slovakia as part of its European production diversification strategy.
The entities involved
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Polestar
Swedish automotive brand
Nothing else this week.
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Europe
terrestrial continent located in north-western Eurasia