Polestar appoints Michael Lohscheller as new CEO to head expansion

Michael Lohscheller, who has previously led major brands including Opel, VinFast, and Nikola, is replacing Thomas Ingenlath, the founding CEO of Polestar, who is stepping down.

Lohscheller’s appointment comes as Polestar prepares for an intermational expansion, aiming to compete more strongly in the premium electric vehicle market with a vehicle range increasing from one car to three in the short term.

Owned by China's Geely, Polestar also needs to secure profitability.

Winfried Vahland, Polestar’s next chairman, said: "Polestar has had an exceptional start-up phase, and with a broader model line-up on the horizon, Michael Lohscheller is the perfect leader to steer Polestar forward.”

Lohscheller stated, "Polestar has already established itself as one of the most desirable and innovative brands in the electric vehicle space.

"I look forward to working with the talented team to build on this strong foundation and accelerate our development."

Ingenlath reflected on his tenure said: "I am very proud of what we’ve achieved together in the last seven years. We had the vision of an electric premium brand focused on performance and design, and we made it a reality. Polestar is now a global premium electric brand, and with the recent launches of the Polestar 3 and 4, the brand is well-positioned for future success."