Håkan Samuelsson takes the wheel as Volvo Cars CEO April 01, 2025 The Board of Directors of Volvo Cars has appointed Håkan Samuelsson as CEO and President, marking his return to the company’s top position. He takes over from Jim Rowan, who has served as CEO since 2022
Polestar CEO announces strategic review as EV deliveries drop October 14, 2024 Polestar said it expects revenue for the full year to remain stagnant due to the difficult market conditions and import duties. Last year, it recorded a revenue of USD 2.38 billion.
Ingenlath steps down as CEO of Polestar August 28, 2024 Thomas Ingenlath, who has served as CEO since Polestar's inception has resigned from the company and will officially step down on 1 October 2024. Michael Lohscheller, a seasoned automotive leader will assume the role of CEO.
The shift toward electrification gains momentum August 28, 2024 Europe’s auto industry is rapidly shifting to electric vehicles as manufacturers race to meet ambitious green targets. With Tesla and Volkswagen leading the charge, the continent is embracing a new era of sustainable mobility.
The first Polestar manufactured in the USA August 15, 2024 Production of the Polestar 3 has started in South Carolina. This means that the Polestar 3 is the first model from the carmaker to be produced on two continents.
Gothenburg's tech cluster strengthens Sweden’s automotive industry August 13, 2024 With a growing tech sector and significant investments in electrification, Gothenburg has become a Swedish centre for innovation in the automotive industry. Here, traditional actors and new players meet to shape the mobility of the future.
SK Group and Geely partner up on eco-friendly mobility June 21, 2024 South Korea’s investment conglomerate SK Group has signed a framework agreement for strategic cooperation with Zhejiang Geely covering batteries, automotive electronics components and green energy.
Polestar to use TactoTek's IMSE technology May 16, 2024 Swedish electric carmaker Polestar, and Finnish smart surface specialist TactoTek, have entered a collaboration to explore the integration of Injection Molded Structural Electronics (IMSE) technology into Polestar’s vehicle programs.
Polestar inks battery agreement with SK On November 07, 2023 Swedish EV manufacturer Polestar has signed an agreement with South Korean battery manufacturer SK On for the supply of battery cell modules for its upcoming Polestar 5 electric 4-door GT.
Volvo and Northvolt break ground on gigafactory September 29, 2023 Construction of Volvo Cars and Northvolt’s joint Li-on battery gigafactory in Gothenburg, Sweden, is now officially underway.
Polestar aims to accelerate growth in China with new JV June 20, 2023 The Swedish electric performance car brand is entering into a strategic joint venture for the Chinese market with technology company Xingji Meizu Group.
Polestar obtains USD 1.6 billion financing support November 04, 2022 Swedish electric performance car brand, Polestar, says that it has received further commitments for financial and liquidity support from its two major shareholders.
Volvo Cars invests in battery technology company StoreDot April 19, 2022 Volvo Cars has – via its venture capital arm – made an investment in StoreDot, an Israeli company developing extreme-fast charging battery technology for electric cars.
ZKW develops climate-neutral electronics for Polestar March 28, 2022 ZKW is a partnering with Swedish electric vehicle manufacturer Polestar. Wieselburg-based lighting systems specialist will develop electronic and electrical components for the carmaker.
Volvo and Northvolt to create new battery plant in Gothenburg February 04, 2022 Volvo Cars and Northvolt have selected Gothenburg as the location fo a new 50 GWh battery manufacturing plant which will commence operations in 2025.
Northvolt assembles first battery cell at Swedish gigafactory December 29, 2021 Swedish battery manufacturer, Northvolt, has officially assembled its first battery cell at its manufacturing facility in Skellefteå, northern Sweden.
Volvo and Northvolt to set up new R&D centre in Gothenburg December 10, 2021 Volvo Cars and Northvolt announces that the companies will open a joint research and development (R&D) centre in Gothenburg, Sweden as part of a SEK 30 billion (EUR 2.9 billion) investment in battery development and manufacturing.
Volvo Car and Northvolt build giga-factory in Europe June 21, 2021 Volvo Car Group intends to establish a joint venture with Swedish battery company Northvolt to develop and produce more sustainable batteries, tailored to power the next generation of pure electric Volvo and Polestar cars.
Swedish electric SUV to be manufactured in the USA June 17, 2021 Polestar, Volvo Cars premium electric car brand, says that its first all-electric SUV will be manufactured in the United States.
Polestar and SK Inc sign MoU June 14, 2021 Swedish electric performance car company Polestar is exploring a wide-ranging alliance with SK Inc, South Korea’s third largest industrial holding company, to advance its development of high-performance electric cars.
Polestar raises $550 million from new investors April 15, 2021 Swedish electric car company Polestar, controlled by Volvo and its parent company Geely, has recently has raised USD 550 million from a group of long-term financial investors. And, the company is considering further fund raising.
Veoneer starts production of technology suite for Polestar 2 May 06, 2020 The automotive technology company Veoneer, launches its suite of collision mitigation technology on the new fully electric Polestar 2.
Polestar 2 production begins in Luqiao, China March 30, 2020 Production of Polestar 2 has officially begun in Luqiao, China. The new electric performance fastback is the first electric vehicle to be produced by the facility.
Volvo Cars inaugurates new battery assembly line at Ghent plant March 05, 2020 Volvo Cars has formally inaugurated a brand new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year.
Volvo and Geely considers a combined company February 12, 2020 Volvo Car AB and Geely Automobile Holdings Limited are considering combining their businesses to create a strong global group, which would accelerate financial and technological synergies between the two companies.
Polestar’s first manufacturing facility is now up and running August 27, 2019 The electric carmaker has officially opened its first manufacturing facility – and with that kicking off production of the Polestar 1 – in Chengdu, China.
Volvo inks battery supply deals with CATL and LG Chem May 15, 2019 Volvo Car Group says that it has signed long-term agreements with battery makers CATL and LG Chem to ensure the multi-billion dollar supply of lithium ion batteries over the coming decade.
Polestar establishes new UK R&D facility May 09, 2019 Polestar says it has significantly expanded its research and development capacity with the establishment of a new R&D centre in the United Kingdom.
Polestar 2 puts focus on China with manufacturing site April 15, 2019 At the Chinese debut of the Polestar 2 in Shanghai, Polestar confirmed that production of the new electric performance fastback will take place in Luqiao, Zhejiang Province, from early 2020.
First Polestar 1 prototype cars start production October 04, 2018 Momentum in the development of the Polestar 1 has increased with the production of the first series of road-going verification prototype (VP) cars in Sweden.
Polestar appoints head of R&D and starts building its new HQ February 12, 2018 Polestar – Volvo Car Group’s performance road car brand – has started construction of a new headquarter building located in Torslanda, Sweden, on the same campus as the main Volvo Cars head offices and factory.
Volvo starts construction of its Polestar production centre November 20, 2017 Construction of the new Polestar Production Centre has started in Chengdu, China, where the company’s first model, the Polestar 1, will be produced. This follows the announcement of the new Polestar brand on the 17th October.