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Renault Korea Busan plant will produce and export pure Electric Vehicles starting 2025

Renault Korea Busan plant will produce and export pure Electric Vehicles starting 2025

Renault Korea Motors (RKM) is making significant strides in expanding its role as a hub for exports following the launch of its hybrid range in 2024. The latest development involves a collaboration with Polestar, leading to the manufacturing of the pure electric vehicle, Polestar 4, at RKM's Busan plant, slated for the second half of 2025.

An agreement has been solidified among Polestar, Geely Holding, and Renault Korea Motors, paving the way for contract manufacturing of Polestar 4 vehicles destined for both the North American and domestic South Korean markets at RKM's Busan facility. Located with direct access to exporting ports, the Busan plant boasts a workforce of approximately 2,000 employees, known for their 23 years of excellence in vehicle manufacturing. This facility has earned a distinguished reputation, ranking as the number one manufacturer for vehicle quality in the domestic market.

Since 2022, Renault Korea has been focused on producing high-end electric vehicles in the D and E segments, catering to both domestic and international markets. The Busan plant, with an annual capacity of 300,000 units, has consistently demonstrated top-quality performance, consistently ranking among the top domestic OEMs for initial quality over the past two years.

Stéphane Deblaise, Chief Executive Officer of RKM, expressed his enthusiasm, stating, "Polestar 4 will be the first full Electric Vehicle SUV to roll off the production line at our Busan plant, which marks a significant milestone in Renault Korea Motors' renewal and underscores our ambitious vision for the future. We are immensely proud of this new partnership and deeply grateful to the Polestar for their trust. […] From a broader perspective, we see numerous opportunities for Renault Korea Motors in the near future, thanks to our robust shareholders, Renault Group and Geely Group."

Thomas Ingenlath, CEO of Polestar, said, "We're delighted to take the next step in diversifying our manufacturing footprint, alongside Geely Holding and Renault Korea Motors — a company that shares our focus on both quality and sustainability. With Polestar 3 on track for production in Chengdu, China, in early 2024 and 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."

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