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Polestar's showroom in Oslo, Norway. In October 2017, Volvo Cars and Geely Holding announced that Polestar would become a standalone brand focusing on electric cars. [27] The brand introduced the Polestar 1 on 17 October 2017, a 2+2 coupé inspired by Volvo's Concept Coupé introduced in 2013, which includes influences from the Volvo P1800.
Volvo Cars owns 18% of Polestar [13] [14] and 50% of NOVO Energy (electric vehicle batteries), 100% of Zenseact (AD and ADAS software), and 100% of HaleyTek (Android-based infotainment systems). [15] As of 2022, Volvo Cars has production plants in Torslanda in Sweden, Ridgeville, South Carolina in the United States, Ghent in Belgium, and Daqing ...
On August 28, 2024, Polestar announced the appointment of Michael Lohscheller as CEO, effective October 1, 2024, succeeding Thomas Ingenlath. Lohscheller, with a background in leading automotive companies such as Opel, VinFast, and Nikola, is set to guide Polestar through its next growth phase as the company aims to expand its global presence ...
Michael Lohscheller will take over for Polestar CEO Thomas Ingenlath, who has led the EV brand since its separation from Volvo in 2017. Polestar CEO Resigns, Former VinFast Boss Hired as His ...
The Volvo spin-off, now in its eighth year as a standalone EV brand under Chinese Geely ownership, has just released the Polestar 3 and 4 in the UK and announced a European-built Polestar 7 ...
The upcoming Polestar 4 sports SUV will be built in South Korea, with whom the US has a strong free trade agreement. The Polestar 5 sports sedan will be built in Europe, however, which might make ...
The Polestar 3 is a battery electric mid-size luxury crossover SUV [7] [8] produced by Swedish manufacturer Polestar, an affiliate of Geely Holding and Volvo Cars, since 2024. The Polestar 3 is the first vehicle to use the SPA2 platform, a vehicle platform which is dedicated to battery-electric vehicles.
It launched the compact Polestar 2 in 2020, and it rolled out the Polestar 3 mid-size SUV and Polestar 4 compact coupe SUV in 2024. Its deliveries soared 80% in 2022 but only rose 6% in 2023.