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5/8, 11:03 AM (Source: TeleTrader)
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Volvo's electric car brand to open R&D center in UK

Polestar, the high-performance electric car brand jointly owned by Volvo Car Group and Zhejiang Geely Holding, said on Wednesday it will open a new research and development center in Coventry, United Kingdom. The company said the facility will initially employ 60 engineers, to "specifically support the development of future Polestar cars, beyond Polestar 3."

"Investing in the automotive engineering talent that the UK has to offer will strengthen our capabilities," said Polestar's Chief Executive Officer Thomas Ingenlath. R&D head Hans Pehrson added: "The team that will kick start the new UK R&D subsidiary is already well-versed in Polestar engineering philosophy, and we will expand the initial team further during the course of 2019."

The automaker first launched a hybrid Polestar 1 in 2017 followed by the fully electric Polestar 2 in 2019, which was "designed to compete around the Tesla Model 3." The next fully electric model, Polestar 3, is planned to be an SUV.

Breaking the News / NI