logo
welcome
Telegraph

Telegraph

Electric car boss quits after sales plunge 40pc

Telegraph
Summary
Nutrition label

76% Informative

Thomas Ingenlath will be replaced by former Volkswagen executive Michael Lohscheller .

Polestar is controlled by Volvo and China 's Geely and is valued at $ 2bn .

Sales of electric cars fell 40pc in the first quarter of 2024 to 7,221 , down from 12,076 the previous year .