Electric vehicle manufacturer Polestar (PSNY) has commenced production of its Polestar 3 EV model at Volvo's (VLVLY) plant in Charleston, South Carolina. This strategic move by the Swedish company to initiate production in the United States is aimed at avoiding tariffs imposed on vehicles manufactured in China.

Yahoo Finance senior autos producer Pras Subramanian breaks down the details, highlighting Polestar CEO Thomas Ingenlath's comments on how this domestic manufacturing strategy will add "extra importance" and "relevance" for US car buyers.

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This post was written by Angel Smith