autoevolution 22 Apr 2021, 11:00 UTC · by Polestar is coming for the EV posers. At the ongoing 2021 Auto Shanghai, which saw the premiere of a special edition of the 1, the company’s CEO Thomas Ingenlath spoke against EV startups whose primary focus is a high market valuation and not making actual electric vehicles. 1 photo Ingenlath’s speech strikes a very special chord if you consider that today, April 22, is Earth Day. And what Earth needs—and badly so—is less pollution and less reliance on fossil fuels. Electric cars would solve that problem. If only EV startups actually focused on building them. Speaking about the current trend of startups without a single product being worth hundreds of millions on the stock market, Ingenlath said the focus needs to shift. Not for the investors, but for the people running these startups.