Polestar Appoints New CEO Amid Financial Struggles and Market Expansion

Michael Lohscheller steps in as Polestar faces declining sales, leadership changes, and the launch of new electric SUVs.

Thomas Ingenlath, Polestar's founding CEO, is stepping down after seven years.
Polestar has faced significant financial losses, with stock prices plummeting over the past year.
The company is rolling out two new electric SUVs, the Polestar 3 and Polestar 4, to boost market presence.
Polestar's new CEO, Michael Lohscheller, brings experience from Opel, VinFast, and Nikola.
Geely, Polestar's parent company, remains committed to the brand's success despite recent challenges.