Geely Holdings, Volvo Invest Heavily In Polestar

Now, someone has chose to explore the idea of a dreamy convertible by chopping off the fixed metal roof. The auto will likely be related to Volvo's next-generation S60, just as the Polestar 1 is related to Volvo's S90-around 50 percent of the components are common.

"Most electric cars are fast - that's a product of the attributes of an electric motor", says Ingenlath. Naming might be a problem, as Polestars 2 and 3 are already set to be a small saloon and SUV respectively.

Polestar also announced its plan to launch a mid-sized all-electric SUV named the Polestar 3 after the Polestar 2, completing this way the first phase of the company's product roll out.

With a range of up to 93 miles on electric power only, the Polestar 1 will offer the best full-electric range of any hybrid vehicle on the market, Ingenlath said. Both will be battery electric vehicles (BEVs).

German premium brands Mercedes-Benz, BMW, Audi and Porsche are planning to launch dozens of new high-end electric vehicles and hybrids in the next few years.

For example, China plans to set goals for electric and plug-in hybrid cars to make up at least a fifth of local sales by 2025, with a staggered system of quotas beginning in 2018. In addition, Polestar owners will have the option to rent other Volvo Cars vehicles. According to The Verge, the Polestar 1 is capable of churning out 600 horsepower through its gasoline-hybrid powertrain, and it is equipped with a 2.0-liter four-cylinder gasoline engine.

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The deal was also signed by China, France, Russia, Britain, Germany and the European Union. We welcomed this, but it is not enough to ask Trump not to rip up the agreement.

Polestar official websitePromotional picture for Volvo's Polestar 1. The Polestar 1 is the ideal example of this collaboration, with around half of the components coming from Volvo, including the SPA architecture, and the rest being entirely new and bespoke technology created by Polestar engineers.

Volvo fans shouldn't be too bummed by Polestar's transition to a standalone brand.

Polestar 1 order books are open now, for those that want to reserve a Polestar future right away. Cars will be ordered 100 per cent online and offered on a two or three year subscription basis.

'This is facilitated by Phone-As-Key technology.

It allows the owner to share a virtual key with a third party, and also enables access to a host of other on-demand features.

'This concierge service ensures that the customer only needs to focus on the enjoyment of driving'.

  • Douglas Reid