Polestar taps Geely finance exec as CFO

Automotive News China

Automotive News | 2018-12-14

Polestar, Volvo Car Corp.'s electrified performance-vehicle brand, appointed Ian Zhang CFO as the brand seeks to assemble a full management team. 

Zhang is currently deputy CFO at Volvo¡¯s Chinese parent Zhejiang Geely Holding Group. 

Polestar also named Nils Mosko, Volvo¡¯s vice president for investor relations, to the post of deputy CFO. Mosko previously held finance, treasury and controller positions at Volvo and Ford Motor Co.

Both appointments will become effective on January 1, Polestar said, without releasing additional background information on Zhang or Mosko.

In June 2017, Volvo launched Polestar, a stand-alone performance brand, and appointed its vehicle design chief, Thomas Ingenlath, CEO of the unit.

Angust Wu, formerly a Volvo vice president for the Asia Pacific region, was named president of Polestar¡¯s China unit in March. 

In November 2017, Volvo and Geely started constructing an assembly plant, along with a consumer experience center and test track, for Polestar in the southwest China city of Chengdu. 

The factory is expected to launch production in mid-2019 with annual capacity of 500 vehicles. Its first product will be the Polestar 1, a two-door, four-seater hybrid coup¨¦.

The second planned product, Polestar 2, is an all-electric midsize sedan. It will enter production at the plant in late 2019. 

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