The Polestar 2 is priced to compete with the Tesla Model 3 sedan.
Volvo Cars may not sell its high-performance Polestar electric vehicles in the United States if the U.S. slaps tariffs on imports from China, the Financial Times reported Wednesday.
div > div.group > p:first-child"> The automaker recently revealed its Polestar 2, which executives said is priced competitively with Tesla's Model 3 sedan. But Volvo is owned by Chinese auto company Geely, and the group has so far intended to make the cars at a factory in China. It expects to sell more than 50,000 Polestar vehicles.
A lot of those cars won't make it to the United States if tariffs on Chinese imports are too high, Polestar CEO Thomas Ingenlath told the Financial Times.Competition is expected to heat up around the 2021 model year, said CFRA analyst Garrett Nelson. Several electric competitors are already on the market at a midrange price that's competitive with the Model 3 and higher prices where Tesla's Model S and Model X more premium vehicles .
The global automotive industry has found itself caught up in President Donald Trump's trade war with China, leading many automakers to reevaluate where they build and sell their products.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Safety Violations Dwarf Big U.S. Auto Plants In Aftermath Of Musk's Model 3 Push\n
Read more »
Tesla Safety Violations Dwarf Big U.S. Auto Plants In Aftermath Of Musk's Model 3 Push\n
Read more »
U.S. safety agencies to investigate fatal Tesla crash in FloridaThe National Highway Traffic Safety Administration (NHTSA) and the National Tran...
Read more »
U.S. agency probing two fatal Tesla crashes in Florida since last SundayU.S. authorities are investigating a fatal Tesla Inc Model S crash in Florida la...
Read more »
Volvo To Be First Automaker To Offer Post-Crash Connected ServiceVolvo Car USA will soon begin offering a connected car service called Accident Advisor that will guide drivers through next steps in the event of an accident.
Read more »
Volvo limits its cars' top speed to 112 miles per hour for safetyVolvo is putting a speed limit on its cars as part of its effort to eliminate fatal accidents. The automaker says the limit will stop cars from going faster than 112 mph.
Read more »
Volvo to test full-size driverless bus in SingaporeSweden’s Volvo to test full-size driverless bus in Singapore by RDchatters
Read more »
Volvo unveils driverless electric bus in SingaporeHigh-tech Singapore has become a testbed for self-driving technology and the world's first driverless taxis went into operation in a limited public trial in the country in 2016.
Read more »