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Polestar has announced a significant leadership change, with Michael Lohscheller taking over as CEO effective October 1, 2024. This transition marks a new chapter for Polestar as the company continues to expand its presence in the premium electric vehicle market. Thomas Ingenlath, who has been instrumental in establishing Polestar as a global brand, will step down from his role as CEO.
Key Highlights:
- Michael Lohscheller, an industry veteran with leadership experience at Opel, VinFast, and Nikola, will lead Polestar as the new CEO.
- Thomas Ingenlath, Polestar’s outgoing CEO, is credited with transforming the brand from a Volvo performance division into a global premium electric vehicle brand.
- Winfried Vahland, incoming Chairman of Polestar, praises Lohscheller’s industry knowledge and ability to guide the company into its next phase of growth.
- Polestar continues to aim for a lineup of five performance EVs by 2026, including the recently launched Polestar 3 and Polestar 4.
Leadership Transition and Strategic Vision
Michael Lohscheller brings a wealth of experience in the automotive industry, having led companies like Opel, VinFast, and Nikola. His expertise in scaling businesses and navigating competitive markets aligns with Polestar’s ambitions to expand its global footprint. Lohscheller’s leadership is expected to strengthen Polestar’s position as a leader in the premium electric vehicle market.
Winfried Vahland, Polestar’s incoming Chairman, stated, “Polestar has experienced an exceptional start-up phase, and with a broader model line-up, Michael Lohscheller is the ideal leader to guide Polestar into its next chapter.” Vahland emphasized the importance of Lohscheller’s industry knowledge, particularly in driving operational excellence and enhancing global market presence.
Acknowledging Thomas Ingenlath’s Contributions
Winfried Vahland also honored Thomas Ingenlath, acknowledging his role in shaping Polestar into a premium global electric brand with a strong focus on design, performance, and sustainability. “We extend our deepest gratitude for his leadership,” Vahland added.
In his statement, Ingenlath expressed pride in what the team has accomplished, highlighting Polestar’s journey from a concept to a leading global premium electric brand. “I wish Michael and the team the best for the next chapter of Polestar,” said Ingenlath.
Looking Ahead
Polestar, headquartered in Gothenburg, Sweden, is determined to lead the shift to sustainable mobility through innovative design and technology. With Lohscheller at the helm, Polestar is poised to continue its growth and innovation in the electric vehicle market, aiming to set new standards for future mobility.
Polestar plans to expand its lineup to five performance EVs by 2026, reinforcing its commitment to sustainability and premium quality. The Polestar 0 project, which aims to create a climate-neutral car by 2030, remains a cornerstone of the company’s long-term vision.
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