Geely Holdings, Volvo Invest Heavily In Polestar

Customers will be able to buy Polestar models via an online subscription, the same system that Geely has already announced it will be using for its Lynk & Co brand.

Revealed this week was the hybrid Polestar 1, a four-seater grand tourer which generates 447kW (600 horsepower) and has a range of 150km on pure electric power alone.

Polestar, a subsidiary of Volvo Cars has unveiled their first auto as a standalone company. The move comes following Volvo's announcement this summer that from 2019, every vehicle in their lineup will have an electric motor. "Polestar's technology and product offering benefits from synergies and economies of scale enabled by the Volvo Car Group, helping Polestar to accelerate design, development and production processes at a fraction of the time it takes for other new entrants", the company said in a statement. A attractive GT with awesome technology packed into it - a great start for our new Polestar brand. Polestar Spaces will be standalone facilities and not within existing Volvo retailer showrooms.

The Polestar 1 will be built at Polestar Production Centre in Chengdu, China.

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Polestar 1 is the world's first vehicle to be fitted with Öhlins Continuously Controlled Electronic Suspension (CESi) advanced chassis technology.

It was unveiled this week at an event held in Shanghai, and it is in line with Volvo's vow to only introduce electric cars beginning on 2019. Now under construction, it is due for completion in mid-2018.

The launch of the first Polestar marks the latest step in a global shift towards electric vehicles which, led by China, is quickly gathering pace.

The initial phase of the Polestar product roll out will then be completed by the subsequent arrival of a larger SUV-style BEV, the Polestar 3, which will create a modern expression of electric performance and driving dynamics. We have a feeling it won't take long until we'll get to see speculative renders of the Tesla Model 3-rivaling EV and the bigger SUV that are both now in the works with Volvo-derived hardware. The cars will be offered on a two- or three-year subscription basis; the monthly fee will include pickup and delivery servicing and the ability to rent alternative Volvo and Polestar vehicles.


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