It’s been a while since we last heard from Swiss EV startup Piech.
The company co-founded by a son of Ferdinand Piëch first made headlines in 2019 when it presented the striking Mark Zero sports car concept at the Geneva International Motor Show.
On Monday, it provided its first major update since the concept’s reveal, announcing a number of key hirings, as well as investment from PayPal co-founder and early Facebook investor Peter Thiel.
Piech named its new chairman as Matthias Müller, who served as CEO of Volkswagen Group in the years after the Dieselgate scandal and prior to that as CEO of Porsche. Müller will work with Piech co-founders Anton (Toni) Piëch and Rea Stark on the board to help guide product development and corporate strategy.
Meanwhile, overseeing the main nuts and bolts of the company will be a pair of CEOs. One is a former BMW motorsport chief