Polestar, Volvo’s performance arm, announced that it is accepting deposits for the Polestar 1—the brand’s first full production model. Those looking to secure an opportunity to purchase the vehicle can do so by putting down €2,500, $2,500 or 20,000RMB. Worriers should be soothed by the knowledge that the deposit is fully refundable if they change their mind.
According to Top Gear, Volvo’s first-ever hybrid GT car is set to feature a 2.0-litre four-cylinder petrol engine up front, and a pair of electric motors. That should equate to 591 bhp, 782 ft-bd of torque, and should go 0-62 mph in under four seconds. Polestar is also expecting a range of 93 miles on a single charge in pure EV mode.
As it turns out, the entire platform for the Polestar 1 is the same SPA architecture as Volvo’s S90, but with about 50 percent new parts, 320mm cut from the wheelbase, and another 200mm chopped off the rear. At 4.5 meters (14.76 ft) long it’s shorter than the BMW M4, and wider too.
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Unlike its Volvo sibling, however, the Polestar 1 uses carbon fiber for most of its body panels. The automaker claims that saves some 500 pounds, and while a total curb weight is not stated, Polestar said the vehicle will carry 52 percent of its mass over the rear axle. Inside, major elements are taken from Volvo’s 90-series, including the dashboard, the center console, the steering wheel, and its crystal gearshift.
Polestar is planning on building only 500 of the Polestar 1 in total. They will be built at a currently under construction in Chengdu, China. Polestar is currently accepting deposits from 18 countries, including the United States, the UK, China, Sweden, Germany, Norway, the Netherlands, Denmark, Finland, Spain, France, Portugal, Poland, Italy, Austria, Switzerland, Belgium, and Canada.
Polestar boss Thomas Ingenlath stated, “With over 7,000 people interested in owning a Polestar 1 since its reveal. We are extremely encouraged by the passion shown for our product. We will now take the next steps towards delivering this car to our first customers.”
The Polestar 1 is only expected to act as a stop gap between gas and electric technology, and all subsequent models will be fully electric. The Polestar 2, a saloon which should come in late 2019 is expected to “join the competition around the Tesla Model 3”. The will be followed by the Polestar 3, a larger SUV EV “sitting between Polestar 1 and Polestar 2 in terms of volume and pricing.”