New Polestar 1: £135k price tag announced for 592bhp hybrid coupe

Volvo sub-brand Polestar has confirmed prices for its first standalone model - the Polestar 1 - at the Beijing Motor Show. 

It’ll be built at a new facility in China, and while it will be available in the UK and other markets worldwide, it will only come in left-hand drive. Bought outright the Polestar 1 will be priced from €155,000 (£135,500), though it will be offered through a subscription service too, details of which will be outlined at a later date.

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Along with the production-ready coupe, Polestar has two further, all-electric products confirmed and in the pipeline: a saloon to rival the Tesla Model 3, and a larger SUV. They’ll be named Polestar 2 and Polestar 3, respectively. The firm"s latest update reveals that development of the Polestar 2 is well underway, and it"ll be revealed next year.

The Polestar 1 is being touted as an “Electric Performance Hybrid”, and will make use of a 338bhp 2.0-litre four-cylinder petrol engine sending drive to the front wheels. A starter motor generator will inject a further 39bhp, and electric motors will send 215bhp to the rear axle. That means total power reaches 592bhp, with torque hitting 1,000Nm. The Polestar 1 will be capable of 0-60mph in under 4 seconds.

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Polestar 1 reveal - side

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Polestar claims that the car can run on the rear electric motor and integrated starter motor only, and this provides a claimed all-electric range of 93 miles.

As well as the high-performance hybrid powertrain, the Swedish firm has kitted out the Polestar 1 with driver-configurable active suspension from specialist Ohlins. Polestar claims the system can react to changes in the road surface in less than two milliseconds. Large brakes with six-piston calipers from Akebono provide stopping power, while the planetary gearbox driving the rear axle doubles as a torque-vectoring unit.

The Polestar 1 takes the design language of the S90 saloon and morphs it into a smooth 2+2 coupe format. But at 4,500mm in length, it’s shorter than the S90, and also has a 320mm shorter wheelbase than the saloon.

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Polestar 1 reveal - interior

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At the front end, Volvo’s signature grille is flanked by ‘Thor’s Hammer’ LED headlights, while the side of the car is uncluttered, sporting clean lines. C-shaped tail-lamps inject a little flair into the squared-off rear end, complete with Polestar badging.

• Polestar 2 to arrive as right-hand drive EV, with Polestar 3 to follow

Extensive use of carbon fibre in the body panels saves 230kg compared with a steel construction. The company says it intends to build 500 Polestar 1s a year, and the cars will be available through a new subscription service, similar to that being offered by Volvo on the new XC40.

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Polestar 1 reveal - front black

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One monthly payment covers insurance and maintenance, and will also provide customers with on-demand services for short-term access to other vehicles. Polestar envisages subscriptions lasting for two or three years, at the end of which the car will be replaced with a new one. The old vehicle is then refurbished and offered via subscription as a second-hand model.

Polestar remains a subsidiary of Volvo, which has ploughed £577m into the firm, alongside two investment companies housed within parent corporation Geely Holdings.

With three Polestar models in the pipeline, read how the former sub-brand separated from Volvo...