Carmaker Polestar announced it came to an agreement with Volvo to build the upcoming 7 SUV at the latter's facility in Slovakia.

With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe.

Reuters. FILE PHOTO: A logo of Polestar is pictured on a car at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024.