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Polestar drops bid to contest government decision affecting Palmetto manufacturing

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Sig2.30Sen-0.90Env0.00Soc0.00Gov+0.10

Polestar Automotive Holding says it will not challenge a recent government decision that may short-circuit its plan to shift more manufacturing work to South Carolina. Instead, it will focus investment on markets with stronger EV demand, citing Europe’s dominance of its sales. The company adds that Volvo plans to produce the XC60 in Ridgeville and a next hybrid by 2030.

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