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Polestar AB
Company typePublic company
Founded1996; 28 years ago (1996)
HeadquartersGothenburg, Sweden
Area served
Key people
  • High performance electric engines & cars
RevenueIncrease US$1.34 billion (2021)
Decrease US$−995 million (2021)
Decrease US$−1.01 billion (2021)
Total assetsIncrease US$3.31 billion (2021)
Total equityIncrease US$−122 million (2021)
OwnerVolvo Cars (49.5%)
Number of employees
1,300+ (December 2021)
Footnotes / references

Polestar is a Swedish automotive brand. It was established in 1996 by Volvo Cars' partner Flash/Polestar Racing. It was acquired in 2015 by Volvo.[3] The company is headquartered in Torslanda near Gothenburg, Sweden.[4] The vehicles are made in China.[5]

The Polestar name comes from the Polestar racing team.[6][7] The racing team changed its name to Cyan Racing but still has close ties to Volvo.[8]

References[change | change source]

  1. "Polestar Automotive Holding UK PLC 2021 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 29 June 2022. pp. 123, 142, F-5, F7.
  2. "Volvo Cars increases shareholding in Polestar to 49.5 per cent". www.media.volvocars.com. Retrieved 3 June 2022.
  3. "Polestar announces new management team" (Press release). Polestar. Retrieved 29 November 2019.[permanent dead link]
  4. "Polestar inaugurates new headquarters in Sweden" (Press release). Polestar. Retrieved 29 November 2019.[permanent dead link]
  5. "Polestar announces World Manufacturer Identifier and opens new Production Centre in China" (Press release). Polestar. Archived from the original on 2 September 2019. Retrieved 29 November 2019.
  6. "Volvo S60 Polestar Limited Edition". Polestar AB. 2013. Archived from the original on 27 August 2013. Retrieved 27 February 2019.
  7. "Polestar Performance gives your Volvo more performance". Polestar AB. Archived from the original on 18 April 2013. Retrieved 23 January 2013.
  8. "History". Cyan Racing. Archived from the original on 8 December 2015. Retrieved 4 December 2015.