Polestar Chooses Battery Pack Providers

Paul Myles

TU-Editor

---

15th May 2019

Premium EV manufacturer Polestar has chosen two battery suppliers to power its future performance cars.

The luxury all-electric sub-brand of Volvo has agreed contracts with a Chinese company, CATL, also with South Korea’s LG Chem in what it describes as a ‘multi-billion dollar deal’. Agreements cover the supply of lithium-ion battery modules for Polestar models over the next 10 years, beginning with the brand’s first BEV, Polestar 2, from early 2020. These suppliers will also provide batteries for Volvo’s future electric vehicles.

Both suppliers are established providers of lithium-ion batteries to the global automotive industry and, with the huge Chinese market reach of Volvo’s parent company Geely, battery supply will benefit from the scale. Thomas Ingenlath, chief executive officer of Polestar, said: “With these suppliers in place we have the secure knowledge that our electric performance cars will be powered by high-quality batteries that our customers can rely on.”

— Paul Myles is a seasoned automotive journalist based in London. Follow him on Twitter @Paulmyles_