Just weeks in the past, throughout an interview with TechCrunch, Thomas Ingenlath laid out his plan to show Polestar right into a self-sustaining firm. Now, he’s out.
Polestar mentioned Tuesday Ingenlath has resigned as CEO, a place he has held for the reason that EV startup spun out of Volvo in 2017. He will probably be changed by Michael Lohscheller, who was beforehand CEO of the Stellantis model Opel, in addition to Vinfast and Nikola.
The govt shakeup comes at a precarious time for Polestar, which has undergone layoffs and different cost-cutting measures over the previous yr.
The firm, which is now publicly traded, is making an attempt to convey a number of new EVs to market even because it experiences slower gross sales development. Earlier this yr, Volvo divested a good portion of its holdings. Polestar has since turned to banks for a $1 billion mortgage, important funds wanted to maintain its EV plans transferring forward.
