This article is about the car manufacturer. For the celestial body, see Pole star. For other uses, see Polestar (disambiguation).
Polestar Automotive Holding UK PLC
Company type
Public limited company
Traded as
Nasdaq: PSNY
Founded
2017; 7 years ago (2017)
Headquarters
Gothenburg, Sweden
Area served
Worldwide
Key people
Thomas Ingenlath (CEO)
Håkan Samuelsson (chairman)
Products
Electric vehicle
Revenue
US$2.46 billion (2022)
Operating income
−US$1.3 billion (2022)
Net income
−US$466 million (2022)
Total assets
US$3.94 billion (2022)
Total equity
US$134 million (2022)
Owner
Volvo Cars (49.5%)
Number of employees
2,377 (December 2022)
Website
polestar.com
Footnotes / references [1][2]
Polestar
Owner
Volvo Cars
Country
Sweden
Introduced
2005; 19 years ago (2005)
Previous owners
Polestar Racing (2005–2015)
Polestar is a Swedish automotive manufacturer that produces electric vehicles. Owned by Volvo Cars, the company is headquartered in Torslanda outside Gothenburg, Sweden.[3] Polestar produces cars in several countries including China, the US, and South Korea, in facilities owned by Volvo Cars and Geely.[4][5]
The brand originated from Flash Engineering, a Swedish motorsport team established in 1996 that competed in the Scandinavian Touring Car Championship. In 2005, the team was sold then rebranded to Polestar Racing, which later operated a production car tuning division called Polestar Performance AB.[6][7] In July 2015, the Polestar brand was acquired by Volvo Cars.[8] The racing team was then rebranded to Cyan Racing, while still maintaining close ties to Volvo.[9]
The current holding company of Polestar was jointly formed in 2017 by Volvo Cars and Zhejiang Geely Holding Group.[10] Polestar shares began trading on the Nasdaq exchange under the symbol PSNY on 24 June 2022 through a business combination agreement.[11][12]
^"Polestar Automotive Holding UK PLC 2022 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 14 April 2023. pp. 98, F-5, F-6. Archived from the original on 29 June 2023. Retrieved 28 June 2023.
^"Volvo Cars increases shareholding in Polestar to 49.5 per cent" (Press release). Media.volvocars.com. Archived from the original on 19 December 2021. Retrieved 3 June 2022.
^"Polestar inaugurates new headquarters in Sweden" (Press release). Polestar. Retrieved 29 November 2019.[permanent dead link]
^"Polestar Bets on US, Korea to Avoid 'Made in China' EV Tariffs". Bloomberg.com. 9 November 2023. Retrieved 4 January 2024.
^Cole, Dani (17 November 2023). "Polestar 4 China production starts". Just Auto. Retrieved 4 January 2024.
^"Volvo S60 Polestar Limited Edition". Polestar AB. 2013. Archived from the original on 27 August 2013. Retrieved 27 February 2019.
^"Polestar Performance gives your Volvo more performance". Polestar AB. Archived from the original on 18 April 2013. Retrieved 23 January 2013.
^"Polestar announces new management team" (Press release). Polestar. Retrieved 29 November 2019.[permanent dead link]
^"History". Cyan Racing. Archived from the original on 8 December 2015. Retrieved 4 December 2015.
^"Report of Foreign Private Issuer Pursuant to Rule 13a-16 Or 15d-16 Under the Securities Exchange Act of 1934 for the Month of July, 2022 - Commission File Number: 001-41431 - Polestar Automotive Holding UK PLC". Polestar. United States Securities and Exchange Commission. Retrieved 22 January 2024.
^"Polestar lists successfully on Nasdaq" (Press release). investors.polestar.com. Archived from the original on 24 June 2022. Retrieved 24 June 2022.
^Hawkins, Andrew J. (27 September 2021). "Electric car company Polestar is going public via SPAC". The Verge. Archived from the original on 27 September 2021. Retrieved 27 September 2021.
Polestar is a Swedish automotive manufacturer that produces electric vehicles. Owned by Volvo Cars, the company is headquartered in Torslanda outside Gothenburg...
The Polestar 4 is a battery electric compact luxury crossover SUV produced by Swedish automaker Polestar since 2023. The vehicle is manufactured by Geely...
The Polestar 2 is a battery electric 5-door liftback produced by the Swedish automaker Volvo under its Polestar sub-brand. Based on the CMA platform,...
The Polestar 1 is a 2-door plug-in hybrid sports car marketed by Polestar, a brand of Volvo Cars. It was the first car produced by the company since becoming...
The Polestar 3 is a battery electric mid-size luxury crossover SUV produced by Swedish manufacturer Polestar, to be released in 2024. The 3 is the first...
and sold under the Polestar brand. As of 2024, the Polestar 5 is expected to become commercially available in 2027. The Polestar 5 was first previewed...
performance brake pads, new Polestar front splitter corners, new Polestar rear spoiler, new Polestar diffuser, Polestar door trims, Polestar badging on the front...
special, limited version of the V60 called V60 Polestar. It is a reworked V60 that was developed by Polestar and went on sale in 2014 in limited markets...
renamed Polestar Racing. Volvo announced in July 2015 that it had purchased Polestar Performance, the production car tuning division of Polestar, as well...
Volvo Polestar Racing may refer to: Polestar Racing - a Swedish touring car team operating in the Scandinavian Touring Car Championship. It is also a car...
Group, along with its subsidiaries and joint ventures, such as Volvo Cars, Polestar, Proton, Smart and Lotus, as well as commercial vehicles under the London...
The Polestar Precept is a 4-door electric concept car by Polestar, a subsidiary of Volvo Cars and Geely. The Precept was unveiled on February 25, 2020...
R-Design trim. In 2011, the Polestar performance option (developed in partnership between Volvo Car Corporation and Polestar) became available for several...
supplemented by a 74 bhp electric motor. Besides being used in Volvo, Lynk and Polestar, the platform is used in a handful of Geely models. The Compact Modular...
Polestar Xeus is cloud computing software that is manufactured by NKIA Corporation in South Korea and is used to manage IaaS solutions. It provides various...
Zhangjiakou to Aurobay, in a joint venture with Geely. Volvo Cars owns 48.3% of Polestar and 30% of Lynk & Co, in addition to 50% of NOVO Energy (electric vehicle...
Thomas Ingenlath is a German car designer and is currently CEO of Polestar and previously Senior Vice President Design at Volvo Cars. Ingenlath obtained...
financial difficulties, the company was closed in March 2023, with both Polestar and EV Electra interested in buying the former Trollhättan factory. NEVS...
thanks to a special pair of power gauntlets. He took on the codename Polestar, only to renounce the power gauntlets after they began to affect his mind...
platform, which is an EV-exclusive platform, debuted on the Volvo EX90 and Polestar 3 in 2023. Mircea Panait (24 January 2017). "Volvo trademarks P5, P6, P8...
2017. Retrieved 27 June 2017. Alborz Fallah (18 October 2017). "Volvo's Polestar moves production to China". www.caradvice.com.au. Archived from the original...
version of the Volvo XC70 AWD D5 auto. In 2009 Volvo, in conjunction with Polestar, launched software upgrades for many of its D5 engines. These upgrades...
Global Information
US$2.46 billion (2022)
−US$1.3 billion (2022)