Polestar has finally unveiled the Polestar 2, the company’s first fully-electric sports car. The five-door fastback, which will go into production in 2020, is focused on competing against the Tesla Model 3 and winning.

"Polestar 2 is our first fully electric car and first volume model. Everything about it has been designed and engineered with passion and dedication," said the company's CEO Thomas Ingenlath.

Polestar, the Volvo Cars performance company and brand, is based in Gothenburg, Sweden. The company designs electric performance cars, high-performance vehicles based on Volvos. The Polestar 2, which will make its first public appearance at the 2019 Geneva Motor Show, is estimated to retail for roughly $68,000, though the company is expected to announce subscription pricing at a later date.

The Polestar 2, a mid-sized, five-door fastback sedan, will be built using Volvo's Compact Modular Architecture which also supports the XC40 crossover. Interestingly, Polestar 2’s infotainment system will be powered by Android, which will enable owners to access the Google Play Store's full collection of apps. In addition, Google Maps will deliver turn-by-turn navigation on an 11-inch touchscreen.

One of the highlights of the vehicle will be its connected digital solution that will allow owners to access to the world’s largest public charging networks. The Polestar 2 will also include an electric motor at each axle that will provide the vehicle with a combined 300kW (408hp) and 660Nm (487lb-ft), supplied by a 78kWh battery pack. This will enable 275 miles of range.

Polestar 2 design features include Pixel LED headlights and proximity lighting which will enable a unique welcome sequence, Polestar’s signature frameless side mirrors and the unique illuminated Polestar logo, which will be reflected onto the car’s panoramic glass roof.

Tesla recently announced plans to extend its Supercharger network throughout Europe in 2019, however, they have also ended their free referral program and raised prices by 10%. Polestar will have a good chance of successfully competing against the company if it can provide an affordable alternative.

RELATED: Polestar Is Giving Volvos More Rear-Wheel Power With New Mods

Production for the new Polestar will start next year at the company's new factory in Chengdu, China. Polestar is currently accepting preorders from launch markets, including the US, Canada, China, Belgium, Germany, the Netherlands, Norway, Sweden, and the UK.