Electrification | 15.05.19
The agreements cover the supply of lithium ion battery modules for the forthcoming global portfolio of Polestar models over the coming decade, starting with the brand’s first fully electric car, Polestar 2, from early 2020. These suppliers will also provide batteries for Volvo’s future electric vehicles.
“With these suppliers in place we have the secure knowledge that our electric performance cars will be powered by high-quality batteries that our customers can rely on,” comments Thomas Ingenlath, Chief Executive Officer of Polestar.
CATL of China and LG Chem of South Korea are renowned battery manufacturers, both of which have long and successful track records supplying lithium ion batteries to the global automotive industry. They fulfil the strict sourcing guidelines put forth by Polestar and Volvo Cars in terms of technology leadership, responsible supply chains and competitive cost models. In China, battery supply will benefit from the scale of the wider Geely Group.
Owned jointly by Volvo Cars and Geely in a 50:50 split, the synergies between Polestar and its parent companies present clear benefits, with battery supply being a primary example.
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General media queries
Brent Ellis, Public Relations and Communications, Europe
Sunnie Zhang, Public Relations and Communications, China
John Paolo Canton, Public Relations and Communications, North America
Polestar is the electric performance car brand jointly owned by Volvo Car Group and Zhejiang Geely Holding. Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result. This facilitates the successful design, development and production of separately-branded, electric performance cars.
Polestar launched in 2017 with the Polestar 1 – a low-volume Electric Performance Hybrid GT with 609 hp, 1,000 Nm and an electric-only range of 124 km (WLTP) – the longest of any hybrid car in the world. In 2019, the Polestar 2 was revealed as the company’s first full electric, higher volume premium car. In the future, Polestar 3 will join the portfolio as a fully electric performance SUV.