Positive news as R&D hub accelerates growth in UK
16th Sep 2021 Paul Fenech
Swedish company Polestar increases global presence as R&D hub set to expand in UK
Swedish premium electric performance car brand Polestar boasts vehicles in 13 global markets across Europe, North America and China but during the remainder of 2021, they expect to reach further into five new markets in the Asia Pacific region. Now, the rapidly growing engineering side of the business has seen the expansion of its R&D hub at its new UK facilities in the heart of Motorsport Valley at MIRA Technology Park in Nuneaton, Warwickshire. The past year has seen the company more than double in size with a healthy 250-strong team and is set to recruit more, with over 500 employees expected in the future.
Polestar’s CEO Thomas Ingenlath announced: “Going electric is a pivotal moment in the history of cars. The combination of British engineering talent, together with Swedish expertise, will ensure our cars are among the highest performing and most sustainable on the road.”
Polestar’s UK R&D team will be crucial if the brand is to continually evolve successfully. Main focus will be on the development of the Polestar Precept that was initially revealed in 2020, with production confirmed to be underway by 2025.
Pete Allen, who heads up Polestar’s UK R&D operation is confident the new Precept will be a success: “Precept is a statement of intent in terms of design, technology and sustainability. The production is an important step on a journey towards climate neutrality and I’m confident it will be our team to deliver that,” he said.
Polestar has a number of vehicles in development and with a variety of modern on-site equipment that includes battery testing and an extensive test track network to take advantage of, the decision to choose MIRA Technology Park for its progression was an obvious one.