Geely, the corporate parent of Volvo Cars, revealed two concept cars last year. They were based on their new Compact Modular Architecture EV chassis and were named 40.1 and 40.2. The 40.1 is now the compact SUV known as Volvo XC 40. It will be their first all-electric car.
Another brand in this family is Polestar. It used to be an independent high-performance shop for Volvo automobiles until it was bought by them.
This year, at the Geneva auto show, their first car was revealed. It was simply called Polestar 1. It is an all electric coupe with 600 horsepower. It has a price tag of $150,000 and will be produced in limited numbers. The point of this project is to bring attention to their future products, not to sell a lot of them and make a huge profit.
Therefore, the Polestar 2 will be the car that they will try to sell massively. It is based on the 40.2 concept car and will be an all-electric 5-door “coupe” type of sedan. It will have two battery options, and the second bigger one will provide the car with 400 horsepower and 350 miles of range. However, there are no details regarding the smaller one.
The car will be selling for between $40,000 and $60,000, according to Jonathan Goodman, Volvo’s chief operating officer. The car will be revealed at Geneva in 2019 and is planned to compete directly with Tesla Model 3.
Goodman said, “That will represent the lower ‘bookend’ of our showroom range and, for now, it should give us as much access to the volume end of the EV market as we need.” Additionally, he discussed the way electric cars should be styled. According to him, manufacturers should avoid producing quirky or futuristic cars, since the electric car market will grow and migrate from niche to mainstream.
Additionally, they plan to reveal their Polestar 3 in 2020. It will also be fully electric, but it will be a crossover SUV.