Volvo Polestar 2 Tesla Model 3 electric car rival price and release date revealed
VOLVO’S new electric car subsidiary Polestar, has confirmed the price for the new Tesla Model 3 rival and confirmed its release date.
Polestar has revealed the price and release date of its forthcoming Tesla Model 3 rival.
Last year, Polestar and Volvo announced that the companies would be splitting and the former would focus on electrified vehicles.
This began with the announcement of the Polestar 1 hybrid which will go on sale in 2019.
The 600bhp, £120,000 car based on the 40.2 Concept will go on sale in 2019 before the Polestar 2 launches the following year.
Previously, Polestar was the name of the performance arm of the Volvo range.
Now it seems to have set its sights on Tesla as a key rival.
In a press release for the Polestar 1, the company name-checked Tesla and the Model 3, overly stating its intent to be a challenger.
It read: “Polestar 2 will start production later in 2019 and will be the first battery-electric vehicle (BEV) from the Volvo Car Group.
“It will be a mid-sized BEV, joining the competition around the Tesla Model 3, and with consequently higher volumes than Polestar 1.”
In a recent interview with Auto Express, company CEO Thomas Ingenlath revealed the price of the car and suggested when it will go into production.
Prices for the car will start around €40,000 (around £35,000) and will be revealed in 2020.
The CEO, however, lowered expectations saying that the car would not be a ‘Tesla killer.’
He said: “We are not saying it’s a Tesla killer, we are here to vividly compete with them in the market.
“We will launch Polestar 2 in the second half of 2019 and production will begin around the start of 2020”.
Production for the Polestar 2 is expected to take place in the latter half of 2019.
Previously the company has stated its intent to manufacture 50,000 electric vehicles by 2023 across its three cars - the 1, 2 and 3.