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.
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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.
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