Polestar taking position to rival Tesla Model 3

Volvo’s electrifying performance branch Polestar has revealed details on their first all-electric models. The Polestar 2 is shaping up to be particularly interesting as pricing and sizing will set it right on par with the Tesla Model 3.

According to AutoExpress, the Polestar 2 will have a base price of 40,000 euros – competitive to say the least, given it is all-electric and essentially a Volvo. Moreover, the engineers in Sweden and China aim for a range of 500 kilometres, about as much as the long-range version of Tesla’s Model 3.

Explains Thomas Ingenlath, Polestar’s chief executive officer: “Polestar 2 will join the competition with Tesla Model 3, so people should have an understanding of the size and the price tag as well. It will start around €40,000 (£35,000).”

The price will become even sweeter when looking at the planned subscription service from Polestar that is essentially an easy leasing offer. Buyers will pay a monthly flat rate that covers the cost of the car, servicing and insurance over two to three years. Once the contract terminates, the car is handed back to Polestar.

Moreover, the engineers in Sweden and China aim for a range of 500 kilometres, about as much as the long-range version of Tesla’s Model 3.

A date for the debut has been set as well so the Polestar 2 will see the spotlight in spring next year at the Geneva Motor Show. Production will start in early 2020.

The third model, an electric SUV aptly named Polestar 3, will hit the market by 2022. While the performance data is expected to remain largely the same, Polestar untlimateöy wants to establish their own design language with that model.
Like the Polestar 1, the third electric car will be produced at Polestar’s new facility in Chengdu, China. Here they appointed August Wu as the new president of Polestar China reportedly.

Also in their home market, Polestar is about to finish works on their new headquarters. Located in the Swedish Torslanda, near Gothenburg, the facility will house around 200 employees when it takes up operation, and will be on the same campus as the main facilities and the Volvo Cars factory (we reported).

autoexpress.co.uk (Polestar 2) autoexpress.co.uk (Polestar 3)