Swedish EV manufacturer Polestar has announced plans to substantially increase its UK engineering operation.
Co-owned by Volvo and Geely Cars, the company is on a rapid path to global expansion – and intends to enter 21 new markets by the end of 2022.
At the heart of Polestar’s plans are new electric cars, with its UK research and development base set to play a major role.
Polestar has already doubled its UK R&D team to 250 staff during the past year. New investment will take the headcount beyond 500.
The team is based at MIRA Technology Park in Nuneaton, in the area near Silverstone known as Motorsport Valley. The facility has multiple test tracks and specialist engineering equipment on-site.
Video: Barrick CEO Is Excited About Project Opportunities in Gold (Bloomberg)
Polestar UK played a significant role in developing the Precept concept car (pictured top). A recent star of the IAA Mobility show in Munich, the all-electric Precept will enter production before 2025.
Performance and sustainability
Other products in the pipeline include the Polestar 3 compact SUV, due to be assembled in both China and the United States.
The firm also has an ambition to produce a 100 percent climate-neutral car by 2030, without the need for carbon offsetting through tree-planting.
Thomas Ingenlath, Polestar CEO, said: “The combination of British engineering talent and Swedish expertise will ensure our cars are among the highest performing and most sustainable on the road.”
Polestar 2 review
Polestar 1 review
‘The Beast’: Experimental Polestar 2 revealed at Goodwood