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Polestar's CEO: 'Serious' tariff obstacles will limit product choice

//business-finance.news-articles.net/content/202 .. -tariff-obstacles-will-limit-product-choice.html

Published in Business and Finance on Wednesday, February 5th 2025 at 10:40 GMT by AOL
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Polestar CEO Michael Lohscheller talks tariffs, building in the US, and the company's new profit plan in an interview with Yahoo Finance.

- Click to Lock Slider

The article from AOL Finance discusses Polestar's CEO, Thomas Ingenlath, expressing concerns over potential U.S. tariffs on Chinese-made electric vehicles (EVs). Polestar, a Swedish electric performance car brand owned by Geely, a Chinese automotive company, faces significant challenges due to these tariffs. Ingenlath highlighted that while Polestar aims to expand its market presence in the U.S., the high tariffs could hinder this growth by increasing costs and reducing competitiveness. He emphasized the need for a balanced approach to trade policies that would support the EV industry's growth while addressing national security and economic concerns. The article also touches on the broader implications of trade tensions between the U.S. and China, which could affect the global EV market dynamics.

Read the Full AOL Article at:
[ https://www.aol.com/finance/polestars-ceo-serious-tariff-obstacles-151430099.html ]

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