The first Polestar is a sublime cut of 600 horses

Polestar New Model

Volvo Cars and its Chinese parent have unveiled their first Polestar high performance electric vehicle and pledged to invest 5 billion yuan ($760 million) in the brand, gearing up for intense competition to sell greener cars in the world's biggest auto market. Although the 1 is built on the same SPA platform that underpins Volvo's 90-series cars (S90, V90, and XC90), Polestar engineers snipped 7.9 inches from the rear overhang and 12.6 inches from the wheelbase to create the two-door.

Revealed during the Shanghai announcement, it has a pure electric range of 95 miles- the longest full-electric range of any hybrid auto on the market. In the 1's Pure (EV) mode, it functions as a rear-drive vehicle, and Polestar claims that it can travel up to 93 miles exclusively on battery power-farther than any current PHEV.

Polestar 2 will start production later in 2019 and will be the first battery-electric vehicle (BEV) from the Volvo Car Group.

Volvo and Geely are investing 5bn renminbi (£570m) into the project, with two future cars planned over the next four years, one a small hatchback aimed at competing with Tesla's Model 3, and an SUV. Subscriptions include pick up and delivery servicing and replacement rentals.

It will be followed soon by an all-electric vehicle aptly named the Polestar 2.

Intrigued? Polestar expects to start taking "expressions of interest" from customers on October 17, 2017.

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Volvo has officially reinvented its Polestar performance brand into its new "standalone electric performance brand" as the company moves forward with its all-electric future. Additionally it uses a double electric rear axle which enables torque vectoring.

To that end the 1 is also the first auto to ever be equipped with Ohlins' new Continuously Controlled Electronic Suspension. It is Polestar's first standalone hybrid "super" coupe after its departure from Volvo.

Except that with a production that will not start before 2019 and that will be limited to 500 copies per year, don't expect to see one on the streets of Quebec city tomorrow morning... The lease terms are two or three years, after which the Polestars will be leased again as certified pre-owned used cars.

Polestar expects China, where the government is promoting electric vehicle development, to account for about one-third of global sales, according to Ingenlath.

The Polestar 1's looks match the advanced tech inside-the styling is simple and clean, with unique touches like sci-fi inspired Helvetica-font stickers instead of chrome badging and a panel mounted in the trunk with neatly marked heavy-gauge orange wires and connectors.

"Our vision is that the Polestar subscription model and services that we will offer will define the Polestar brand as much as our cars will".

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