Sweden’s Polestar has announced a partnership with blockchain provider Circulor. Polestar already works with Circulor on the traceability of cobalt in the batteries for the Polestar 2 electric performance fastback.
With the new partnership, they aim to trace a range of raw materials, focusing on those with identified risks in either environmental and/or human rights, such as nickel, mica, manganese, graphite and lithium, amongst others.
Circulor supports businesses in achieving more sustainable supply chains and works with blockchain technology to trace materials. A blockchain is a digital ledger containing a list of records linked to each other via cryptography.
In April 2021, Polestar announced plans for a climate neutral car by 2030.
Polestar CEO, Thomas Ingenlath, says: “Caring about ethics and the environment is key to Polestar. This unprecedented level of traceability means that Polestar can promote sustainable and ethical practices in its supply chain, and provide better transparency for consumers.”
Douglas Johnson-Poensgen, Circulor CEO, adds: “We are delighted to be a strategic partner of Polestar and play a key role in enabling supply chain transparency for Polestar, its suppliers and its customers. Our platform’s ability to dynamically track and attribute CO2e across the supply chain will help enable Polestar’s moonshot goal to create a climate-neutral car by 2030.”
Established in 2017, Polestar is an independent Swedish premium electric performance car brand founded by Volvo Cars and Geely Holding.