The agreement—reached between Polestar, Geely Group and Renault Korea Motors (RKM)—will see the production of Polestar 4 vehicles at RKM’s plant in Busan for the North American and domestic South Korean markets. Located with direct access to exporting ports, the Busan plant has approximately 2,000 employees with renowned for 23 years of excellence in vehicle manufacturing.
Since 2022, Renault Korea has been focusing on producing high-end electric D and E segment cars for both domestic and international markets. The Busan plant has an annual capacity of 300,000 units and is recognized for its top-quality performance, ranking among the leading domestic OEMs for initial quality over the past 2 years.
Polestar 4 will be the first full Electric Vehicle produced in Busan plant, symbolizing the 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. From a wider perspective, we see further opportunities for Renault Korea Motors in near future, thanks to our strong shareholders, Renault Group and Geely Group.
—Stephane Deblaise, Chief Executive Officer of RKM
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 both 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
Polestar 4 was first launched at the Shanghai Auto Show in April 2023. The SUV coupé is the second SUV in the Polestar line-up and in addition to incorporating design cues first seen on Polestar’s concept cars, it is also the fastest Polestar production car to date. Polestar 4 is positioned between Polestar 2 and Polestar 3 in terms of size and price.
