Volvo Cars, the Swedish manufacturer of premium vehicles, announced that Polestar, its high-performance vehicle brand, will become a new electric high-performance vehicle company on a global scale.
To further its development, Thomas Ingenlath, Volvo's Senior Vice President, Design, will take over as CEO of Polestar.
Volvo Cars acquired 100% of Polestar Performance in July 2015 after collaborating with the brand in the field of sports engines since 1996. In the future, Polestar will offer its own brand vehicles that will no longer carry the Volvo logo and packages optimization for Volvo's range of vehicles under the Polestar Engineered brand.
Polestar will enjoy specific engineering and technology synergies with Volvo Cars and will benefit from considerable economies of scale as a result of its connection with Volvo. These synergies will enable you to design, develop and manufacture unbeatable high-performance electrified vehicles on a global scale.