600PS of power comes from a hybrid setup comprising of Volvo's 2.0 Drive-E petrol motor, which feeds 382PS to the front wheels, and two electrical motors on the rear axle which supply 218PS to the rear wheels. Only 500 of these cars, called the Polestar 1, will be built starting in mid-2019.
The hybrid Polestar 1 promises a range of 150 kilometers (95 miles) on a charge, with a gasoline-powered engine to supplement that if needed.
Thomas Ingenlath, chief executive of Polestar, said: "Polestar 1 is the first vehicle to carry the Polestar on the bonnet". Polestar is also going to have standalone showrooms for you tire kickers.
What you see here is the first in this new range of electrified Polestars, creatively named the Polestar 1.
If you're a Volvo enthusiast, you'll know that Polestar is the sports-focused, tuning arm of the Swedish brand.
Polestar does not plan to sell its cars according to the traditional model.More news: Venezuela ex-prosecutor gives US evidence on Maduro officials
Instead, buyers will configure and order their cars entirely online and choose between a two- or three-year subscription through a zero-deposit, all-inclusive service. The vehicle can also be shared via a smartphone app, replacing a traditional auto key. The flat fee includes pick up for maintenance and other concierge services such as booking a auto wash.
Polestar plans to launch its first pure battery-electric model in 2019 targeting the Tesla Model 3. A further two more models are planned that will run on fully electric power. The electrified performance auto will go in production in Chengdu in mid-2019, and will be closely followed later in 2019 by a smaller vehicle named Polestar 2.
Let's run through the numbers: first off, the Polestar 1 delivers 592bhp from its hybrid powertrain. A launch date hasn't been revealed, but is likely to be 2020 or 2021.
Demand for electric vehicles is on the rise, particularly in China, which makes this an ideal time for Polestar.
To keep costs down, Polestar still uses the parent company's components and the Volvo Scalable Platform Architecture, though the brand says about half of the parts are all-new and were designed by Polestar engineers.
So, if someone needs a roof box for a holiday, for example, Polestar will supply, fit and remove the roof box, just adding a bit of money to the monthly payment while the roof box is in place. Crucially, Polestar will offer the 2 in right-hand drive.