Volvo will invest almost £600m to get Polestar going

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Now, the Concept Coupe has evolved into Polestar's debut model for 2020, a carbon fiber coupe without Volvo's iron mark, but with 600 horsepower and 737 lb-ft on tap.

The newly revealed Polestar 1 will be the first auto customers can access, and expressions of interest can already be submitted.

Taking a leaf out of BMW i's book, and offsetting a good chunk of the battery weight, are carbonfibre body panels that Polestar claims reduces bodyweight by a 230kg, and usefully lower the centre of gravity. It is the world's first vehicle to be fitted with the all-new class-leading Öhlins Continuously Controlled Electronic Suspension (CESi) advanced chassis technology.

This set-up will radically shorten the time Polestar needs to commercially launch its cars, giving it a strategic advantage compared to competitors.

The Polestar 1 is a performance electric hybrid, but with the longest pure electric range of any hybrid auto in the world, we consider it an electric vehicle with support from an internal combustion engine. Enough for a proper-sized commute without troubling the 2.0-litre four-cylinder petrol engine. At the rear, there's a pair of 107-hp electric motors. Volvo Cars and Polestar will also benefit from synergies in the development of next generation technologies such as shared procurement costs, joint development and economies of scale.

The Polestar 1 is powered by two electric motors with a total output of 218hp, which drives the rear wheels. Fortunately, it's fitted with Akebono six-piston calipers and 15.7-inch discs.

The Polestar 1 has been revealed as Polestar's first new auto as it stands alone from Volvo, and it's a stunning 600PS take on the Volvo Concept Coupe.

With the models due to be produced in China, Polestar won't be offering the vehicles in through a conventional buying service.

The Polestar 1 will go into production in Chengdu in mid-2019, followed by a smaller Polestar 2 model later in 2019, the companies said.

Its manufacturers are planning to sell the vehicle under an innovative new "subscription" payment method, where a two to three year monthly payment gives the customer not only the use of the auto but various maintenance and insurance services. In terms of balance, the auto features a weight distribution of 48/52 front to rear. They'll be offered for an estimated price of $153,000, or on a subscription basis.

Polestar plans to build 500 coupes a year.

What you see here is the first in this new range of electrified Polestars, creatively named the Polestar 1. A second, all-electric vehicle is on the way and an SUV version is coming after that.

Customers can order and customize their vehicle online, with a limited amount of standalone physical stores arriving as well. Despite underpinning Volvo's Scalable Platform Architecture (SPA), the Polestar 1 is approximately 50 percent new and bespoke, created by Polestar's engineers.