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Polestar has announced that its upcoming Polestar 4 EV will be contract manufactured in a factory in Busan, Korea. Heretofore, Polestar’s vehicles have been assembled in China.

We’re at Polestar Day in Santa Monica today, where the company is showcasing its future plans to media, investors and owners. For more news from the day, check out our Polestar Day News Hub.

On yesterday’s earnings call, Polestar mentioned that progress was being made on new manufacturing plants for its upcoming cars. The Polestar 3, for example, will be built in factories in Chengdu, China and in South Carolina, USA, with both of these factories coming online in 2024.

But it also mentioned that a “new non-China plant” was in the works, though Polestar did not elaborate on that yet.

Well, less than 24 hours later we now know where that plant will be – the port city of Busan, South Korea, the second most populous city in the country and site of one of the world’s largest ports.

But this isn’t a new plant – it’s an already-existing plant owned by Renault Korea Motors (RKM). The plant is Renault’s largest in Asia, and will build the Polestar 4 for the North American and domestic South Korean markets. It’s the first battery EV to be built in the plant.

Polestar has so far focused on contract manufacturing, rather than building its own plants. It calls this an “asset-light” approach, which it says “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 has no Polestar-only plants, all Polestars are built in plants on a contract basis.

Polestar CEO Thomas Ingenlath said that RKM shares Polestar’s vision for sustainability and touted Polestar’s global footprint and ambitions:

We’re very happy to take the next step in diversifying our manufacturing footprint together with Geely Holding and Renault Korea Motors, a company that shares our focus on quality and sustainability. With Polestar 3 on-track to start production in Chengdu, China in early 2024 and in South Carolina, USA, in the summer of 2024, we will soon have manufacturing operations in five factories, across three countries, supporting our global growth ambitions.”

Thomas Ingenlath, Polestar CEO

RKM’s CEO also commented on the new partnership:

Polestar 4 will be the first full battery electric vehicle produced in the Busan plant, symbolising Renault Korea Motors renewal and our ambitious vision for the future. We are very proud of this new partnership and grateful to the Polestar brand for their trust.

Stéphane Deblaise, CEO of Renault Korea Motors

Korea is an interesting choice, because it does have implications for the US. Right now the US and China are in a gradually expanding trade war, and it’s affecting electric vehicles. The EV tax credits in the Inflation Reduction Act include limitations on battery component and critical mineral sourcing, primarily focusing on increasing US domestic assembly of EVs and EV battery components, but also wanting to source minerals from US free trade countries – which Korea is one of, and China is decidedly not.

This has caused rankling with some of the US’ trade allies, with Korea being one of the main objectors to the rule. While Korean minerals qualify under the rule, cars that are assembled in Korea are not. The Korean auto industry has been doing well in terms of US EV sales with E-GMP platform cars like the excellent Hyundai Ioniq 5 and Kia EV6, and the tax credit changes represented a blow to that industry.

Korea did push for a different interpretation of the tax credit rules, which the IRS eventually accepted. This means EVs assembled overseas can bypass basically every tax credit requirement by leasing, since a lease is counted as a commercial sale, which is covered by a different portion of the Inflation Reduction Act that doesn’t include the protectionist manufacturing requirements. Polestar does currently pass-through the credit for those who lease a vehicle rather than purchase it, though the company routinely claims that the deal is for a limited time only (before routinely pushing back that deadline).

So even if Korean manufacturing could help the Polestar 4 meet the mineral requirements of the law, the car still won’t qualify for purchase tax credits because it’s assembled overseas. But if the trade war expands further from here, building outside of China might help keep things more stable for the company.

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Report: Ferrari were SO impressed by the Xiaomi SU7, they bought one

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Report: Ferrari were SO impressed by the Xiaomi SU7, they bought one

With its tire-blistering acceleration and record-setting performance, the Xiaomi SU7 Ultra has been getting attention throughout the auto industry, impressing everyone who’s seen it. That “everyone” now seems to include the OG supercar brand, itself.

CarNewsChina posted pictures from a Weibo user that reportedly show a Xiaomi SU7 Ultra exiting the storied Ferrari factory in Maranello, Italy. According to a Chinese blogger going by 西米露在博洛尼亚 (which seems to translate to “Sago Dessert in Bologna”), the prancing horse brand is actively benchmarking the Chinese hypercar for its own upcoming EV.

The SU7 Ultra was definitely coming from inside Ferrari’s facility. After verification, we learned this specific vehicle was officially purchased by Ferrari for testing, and the development of their next-generation electric platform.

西米露在博洛尼亚

Yet another Chinese auto blogger, 苏黎世贝勒爷, claims that Ferrari representatives visited Xiaomi headquarters last year, allegedly to discuss the joint development of next-generation high-performance EV motors.

The Xiaomi SU7 Ultra made its debut last year, promising 1,548 hp, sub 2.0-second 0-60 mph times, and a top speed well over 200 mph – all at a price lower than a Tesla Model S Plaid or Porsche Taycan Turbo GT. The car sold out almost immediately after it was unveiled, racking up some 50,000 orders almost overnight.

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The new electric benchmark


Xiaomi SU7 Ultra at Fiorano; via Weibo user Piniluoshan.

In the automotive world, “benchmarking” is a process in which car companies systematically tear down each others’ competitive products to compare everything from sound insulation, vehicle ride and handling, component materials, and even manufacturing methods against their own or against other industry leaders. The goal is to evaluate performance, cost, quality, and other key metrics, effectively figuring out “where they stand” in the market.

If Ferrari really did buy an SU7 to benchmark it against their own upcoming electric supercar, it’s more than just a curiosity – it could mean that the highest tiers of automotive innovation have shifted from West to East. Maybe forever.

Featured image via Xiaomi; sources throughout the post.


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Chevy teases new Bolt w/NACS, front fascia redesign, rear brake lights

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Chevy teases new Bolt w/NACS, front fascia redesign, rear brake lights

We’re finally getting our first teases of the upgraded 2027 Chevy Bolt, built on GM’s battery/motor platform formerly known as Ultium. So far, so good for the vehicle, which will be revealed later this Fall.

Chevy took to social media today to tease the 2027 Chevy Bolt, saying, “You asked, we listened. The #ChevyBolt is back and better than ever. More this fall. 👀”

Chevy ended the original Bolt program with the 2023 model, which was loved by a loyal group of customers (including myself). Some of the major gripes, including charging speed and rear brake lights, already look to be addressed. Also, a new more aggressive fascia is debuting.

Electrek’s take

GM has done an incredible job keeping the 2027 Bolt under wraps. It will be the first GM vehicle with a native NACS port after the Cadillac Optiq-V, which we spied in Seattle last week.

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Hopefully, the new Bolt will have improved charging speeds over and above the 54kW that previous Bolts adhered to. One possible downgrade is that the old Bolt’s amazing wireless CarPlay/Android Auto system will likely be replaced by GM’s move to Android’s built-in experience. For a few years, the Chevy Bolt was the most affordable long-range EV, and it won our 2022 Electrek car of the year for its versatility and price.

I would, of course, like to see the new Bolt as a hot hatchback, but GM CEO Mary Barra has hinted that it will likely take more of the EUV’s SUV form factor. Things like AWD options, SuperCruise, pricing, power and range are yet to be revealed, but stay tuned to Electrek for the latest on Bolt developments.

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Tesla tops another ADAS test, Hyundai tops range tests, and Texas gets BESS

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Tesla tops another ADAS test, Hyundai tops range tests, and Texas gets BESS

On today’s test-acular episode of Quick Charge, it’s a new day and a new Chinese ADAS test for Tesla to conquer – but this one’s got a LOT more pedestrian carnage to parse through! We’ve also got some great e-bike deals from Retrospec and a bladder-busting Hyundai.

Today’s episode is brought to you by Retrospec – the makers of sleek, powerful e-bikes and outdoor gear built for everyday adventure! To that end, we’ve got a pair of Retrospec e-bike reviews followed up by the updated Hyundai IONIQ 6 with nearly 350 miles of range from its updated long-range battery. With that, Hyundai now has the longest range Korean EV on the market, while Texas is adding megawatts of battery energy storage to beef up its troubled grid, and it’s doing so faster and cheaper than ever before.

PlusQuick Charge listeners can get an extra 10% off the price of their next awesome e-bike by using code ELECTREK10 at retrospec.com!

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

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New episodes of Quick Charge are recorded, usually, Monday through Thursday (most weeks, anyway). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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