Polestar, a sub-brand of Volvo, is taking direct aim at the Tesla Model 3 with its just unveiled Polestar 2. Polestar says it will be the first EV to compete directly against the Model 3 in the marketplace. The MSRP of the Polestar 2 is listed at 39,900€ or about $45,395 at today's exchange rate. Polestar will start with a Launch Edition model at 59,900€ ($68,150) will be the lead off model for the first 12 months of production.
The Polestar is a dual-motor 5-door fastback with a 78kWh battery that allows for a 310 mile range on the European cycle, or 275 miles when rated by the US EPA. Built on Volvo's Compact Modular Architecture, the battery is built into the floor of the chassis to increase structural rigidity and reduces noise.
The dual-motor all-wheel drive setup in the Polestar 2 produces 408 hp and 487 lb-ft of torque and launches the car to 62 mph in under 5 seconds. Charging time was not released, but Polestar is partnering with the largest public charging networks to provide a hassle free charging experience. Charging point locations are accessible through a phone app or the in-car electronics. Drivers' phone can also act as a key.
Thought into progressive design is shown inside and out. Pixel LED headlights and proximity lighting show a unique welcome sequence. The new Polestar logo is projected onto the panoramic sunroof. The interior is constructed entirely out of vegan materials.
Production of Polestar 2 starts early next year in China. The Polestar 2 will only be available for order online. Initially, Polestar 2 will only be offered in China, U.S., Canada, Belgium, Germany, Netherlands, Norway, Sweden, and UK.
Polestar Press Release on Page 2