Polestar, Volvo’s performance brand revived as an all-electric brand, has released pictures and a few details of a new electric sedan concept: the Polestar Precept.
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Volvo’s Polestar 2 is going to be one of the most interesting electric cars to hit the market in 2020, and it just got more interesting. The electric sedan is getting a 1,500 kg (3,300 lbs) towing capacity, beating the Tesla Model 3.
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It’s been three weeks since the opening of the world’s first so-called Polestar Space, where the Swedish brand will sell electric performance vehicles. A couple of new (rough) videos like this one reveal the customer experience, which Polestar CEO Thomas Ingenlath explained a few weeks ago.
Hardcore EV fans might easily dismiss the $156,500, limited-edition Polestar 1 as a piece of eye candy. And Polestar deserves scrutiny for debuting the electric brand with this vehicle, which has a gas engine and a battery providing a relatively modest range of about 65 miles for an EV.
An executive for Volvo’s Polestar candidly admitted that “Tesla is far ahead of everyone else on energy efficiency” and they are going to have to catch up or find other ways to compete.
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Polestar, Volvo’s electric car brand, announced today the opening of its massive new electric car factory in Shanghai and the start of production of the Polestar 1.
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Volvo, both through Polestar and its own brand, plans to bring several new all-electric vehicles to market and in order to do that, it needs significant battery supply.
The automaker now says that it has secured ‘multi-billion dollar battery supply deals’ with CATL and LG Chem.
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Electric car maker Polestar will qualify for the $7,500 federal tax credit, and the company says it will do so separately from parent company Volvo. This would ensure both Polestar and Volvo could both sell 200,000 EVs before the credit begins to phase out. Let’s see how this works…
Volvo has relaunched its Polestar brand as an electric vehicle automaker and it claims that its first all-electric vehicle, the Polestar 2, will be a Tesla Model 3 competitor.
Today, it is fully unveiling the Polestar 2 after teasing and leaking some images.
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Polestar, Volvo’s performance brand which has been relaunched as an electric brand, is apparently gradually unveiling the Polestar 2, an upcoming all-electric sedan, which it describes as a “Tesla Model 3 competitor.”
After releasing the first image of the Polestar 2 earlier this month, they have now released a second one through an app, which also includes details about the vehicle’s user interface.
Polestar, Volvo’s performance brand which has been relaunched as an electric brand, released the first image of its upcoming all-electric Polestar 2 sedan, which it describes as a Tesla Model 3 competitor.
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Volvo’s strategy with relaunching Polestar as an electric vehicle brand has been somewhat confusing with their first vehicle being a $150,000+ plug-in hybrid.
Now Polestar CEO Thomas Ingenlath has clarified their plans by saying that “Tesla and the increasingly electrified Porsche” is their competition.
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Volvo’s recently unveiled Polestar 1 plug-in hybrid just got one step closer to reality, as they started taking pre-orders today and posted an online configurator allowing interested customers to check out the various color and wheel options available on the car.
We don’t yet know much about the buying process, as Volvo recently said cars from the Polestar brand would primarily be available as a “subscription service” (similar to a lease). When pressed, Volvo stated that the Polestar 1 would target a price of “130-150,000 Euros” ($160k-$185k).
The deposit is $2,500/€2,500/20,000RMB and is fully refundable. Pre-orders are available in 18 countries: China, United States, Sweden, Germany, Norway, the Netherlands, Denmark, Finland, the United Kingdom, Spain, France, Portugal, Poland, Italy, Austria, Switzerland, Belgium and Canada.
Polestar made a big deal about its next electric vehicle, the Polestar 2, being a ‘Tesla Model 3 competitor’, but those plans are apparently becoming increasingly weaker as we learn more about them.
Now, the CEO even admits that Polestar 2 will ‘not be a Tesla Model 3 killer’ as he confirmed the price and pushed production to 2020.
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Polestar, Volvo’s performance brand recently relaunched as an all-electric brand, was off to a somewhat awkward but interesting start last year when it unveiled its first vehicle; the Polestar 1.
The car turned out to be a highly expensive plug-in hybrid, which the automaker quickly made sound outdated by announcing that they would bring an all-electric “Tesla Model 3 competitor” to production a year later.
In a new interview, the automaker’s CEO elaborates on those plans.
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Last month, Volvo’s Polestar was revamped as a performance electric car brand and it had a big launch – unveiling its first vehicle and announcing several more electric vehicles to come.
Now they announced that they started construction at their new factory in China where they will produce those cars.
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In a strange move today, Polestar, Volvo’s newly rebranded performance electric car brand, unveiled its first vehicle, a plug-in hybrid 2+2 seat Grand Tourer Coupé (PHEV), and quickly made it somehow outdated by announcing that all future Polestar cars will be all-electric (BEV).
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Volvo, a Swedish automaker owned by China’s Geely, announced a new aspect of its plans to transition the company in the new electric revolution.
The company is launching its Polestar brand as a separate entity to build and sell performance electric vehicles.
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