Polestar Automotive Holding UK (NASDAQ:PSNY) is a British-headquartered automotive company specializing in the development, production and sale of premium electric performance vehicles. Its lineup combines Scandinavian design with advanced electric vehicle (EV) technology, including models such as the Polestar 2 five-door fastback and the recently introduced Polestar 3 electric SUV. Polestar emphasizes sustainable materials and lifecycle thinking, integrating recycled textiles and vegan upholstery across its interiors while leveraging high-density battery packs and proprietary software for performance-oriented driving dynamics.
Originating in 1996 as Volvo’s in-house performance division, Polestar was acquired by Geely Holding in 2015 and relaunched as a standalone EV brand in 2017. The company made its commercial debut with the limited-series Polestar 1 plug-in hybrid in 2019, followed by a full electric offering in 2020. In mid-2022, Polestar Automotive Holding UK completed a business combination with a special purpose acquisition company and began trading publicly on the Nasdaq exchange under the ticker PSNY.
Polestar’s global footprint includes design and engineering studios in Gothenburg, Sweden, a regional headquarters in London, and manufacturing partnerships in China with facilities in Chengdu and Luqiao. European distribution is supported by an assembly plant in Belgium. The company currently serves customers across Europe, North America, Greater China and selected Asia-Pacific markets, with plans to expand into additional regions as demand for electrified mobility grows.
Under the leadership of CEO Thomas Ingenlath—formerly head of design at Volvo Cars—Polestar continues to refine its direct-to-consumer sales approach and digital sales platform. The company is investing in next-generation battery cell development and scalable production processes to support its roadmap, which includes upcoming models and mobility services designed to advance Polestar’s commitment to performance, innovation and environmental responsibility.
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