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Good News, Polestar 1 Buyers: Your Balance Is Now Just $152,500

Polestar 1 plug-in hybrid luxury performance coupe

Potential buyers who've plunked down a $2,500 deposit for the Polestar 1 coupe since reservations opened in mid-March, now know they'll have to pony up another $152,500 to actually get one of the performance plug-in hybrids. The 2+2 grand touring coupe is the first car produced solely under the Polestar stand-alone brand, Volvo Car Group's electrified performance unit.

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The $155,000 starting price was announced at Auto China 2018 in Beijing. Volvo is owned by Chinese manufacturing giant Geely, and the Polestar 1 will be built in China for sale in that market, as well as in the U.S., Canada and 15 European countries. The car was unveiled for the media in October and had its European debut in March at the 2018 Geneva International Motor Show.

Polestar said it also would offer the car under an all-inclusive subscription with the price to be announced closer the expected 2019 start of deliveries. The subscription plan will be similar to the Care by Volvo program that offers no-money-down two-year subscriptions that include maintenance and insurance for the XC40 SUV and V60 wagon.

The pricing puts the car squarely in the auto stratosphere with such luxury coupes as the coming BMW 8 Series, Mercedes-Benz S-Class and Lexus LC 500. Polestar plans to follow the low-volume (500 cars per year) coupe in 2019 with the Polestar 2, a fully electric mid-size car. An electric SUV, the Polestar 3, is down the road.

The Polestar 1 powertrain includes a high-performance 2.0-liter gasoline engine for the front wheels, two electric motors for the rear wheels and a 34-kilowatt-hour battery. System output is 600 horsepower and a brutish 738 pounds-feet of torque, though more specifics on the powertrain have not yet been detailed. The coupe has a lightweight carbon fiber body, and Polestar estimates the plug-in hybrid's all-electric range on a full charge at about 93 miles.

Polestar shares technology and engineering resources with Volvo, and the Polestar 1 rides on a version of the current Volvo platform for its larger vehicles. Under the Polestar Engineered umbrella, Volvo sells the S60 Polestar sedan and V60 Polestar wagon and offers Polestar performance upgrades for other Volvo vehicles.

Polestar 1 plug-in hybrid coupe; Manufacturer images

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