Polestar 1 is a 592bhp hybrid coupe from Volvo's performance sub brand

Polestar teaser V6

Polestar, formerly an inbuilt division for Volvo making performance variants, and now an independent automaker that will make performance electric cars based on Volvo design and chassis, has showcased it's first ever vehicle - the "Polestar 1".

Described by Polestar as an "Electric Performance Hybrid", the GT's powertrain is a heavily reworked version of the 2.0-litre twincharged four-cylinder petrol engine and electric motor pairing found in T8 variants of the XC60 and XC90.

Full details are yet to be revealed, but the Polestar 1's pure-electric driving range is claimed to be 150km - "the longest full electric range of any hybrid vehicle on the market", says Volvo.

The Polestar 2 will start production later in 2019, it'll be smaller than the 1, competing with the Tesla Model 3.

These include Polestar 2 - a saloon in late 2019 that "will join the competition around the Tesla Model 3" - and Polestar 3, which is a larger SUV EV "sitting between Polestar 1 and Polestar 2 in terms of volume and pricing". Polestar is a subsidiary of the Volvo Car Group, which is owned by China's Zhejiang Geely.

However, about 50 per cent of the SPA platform underpinning the hybrid is bespoke, having been created by Polestar's engineers with a focus on dynamic driving characteristics. Which means rear wheel drive when you're in pure-EV mode, and proper torque vectoring when you're on it. Another comment from Polestar's official account confirmed "You will have the option of buying the auto as well".

Polestar models will forgo traditional ownership by being made available online only via a two- or three-year flat-rate subscription service with monthly payments, which will allow customers to sample several vehicles from the Volvo Car Group range.

"The flat rate subscription means that having a Polestar auto becomes a hassle free experience for the customer", said Volvo, which opens the Polestar 1 order book globally today.

It will all be done through "Phone-As-Key" technology, so the owner can share a virtual key with someone else, and be able to access on-demand features.

Along with this, customers will have access to vehicle rental days, and a range of concierge services. These "spaces" will be standalone facilities and not within existing Volvo retailer showrooms, the company said.

"Polestar 1 is the first auto to carry the Polestar on the bonnet", he said. "A lovely GT with unbelievable technology packed into it - a great start for our new Polestar brand", Thomas Ingenlath, CEO of Polestar said.

"All future cars from Polestar will be electric performance vehicles, but the Polestar 1 bridges today's technology with the future, offering the ideal drivetrain for a grand touring coupe that's likely to be used over longer distances as well as shorter, faster, enjoyable journeys".

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