Geely and Volvo’s new electric car brand is showcasing the Polestar 1 at the Beijing Auto Show this week. Which is all well and fine. But more to the point, they’ve announced pricing for the hybrid coupe.
The Polestar 1 will carry a sticker price of $155,000 in the United States. In Europe, it will sell at par for €155,000. And in China (where it will be made), it will retail for ¥1.45 million.
For that sum, buyers will get a sleek hybrid coupe with 600 horsepower (447 kW) and 737 lb-ft (1,000 Nm) of torque.
The pricing scheme puts the Polestar 1 in the same league as the BMW i8 (~$143k) and Acura NSX ($156k) – both hybrid coupes, albeit of different orientation. It also more-or-less splits the difference between the Porsche Panamera 4 E-Hybrid (~$100k) and Turbo S E-Hybrid (~$185k). But those of course are four-door sedans (or five-door wagons). A top-of-the-line Tesla Model S P100D retails for $135,000 (before tax incentives).
Subscription Plan To Follow
“We have seen a strong initial response from our first customers,” said Polestar CEO Thomas Ingenlath. “This gives us confidence that our brand has a bright future. In 2019 already we will launch our next car, the Polestar 2 – a mid-sized fully-electric car which is well developed in its engineering phase. We will follow that up with the Polestar 3, a stunning electric SUV with a beautiful aerodynamic silhouette that is already advanced in its design phase.”
What the pricing doesn’t tell us is how much the monthly subscription will cost. Those details will be “confirmed at a later date.” Pre-production testing at the Polestar Production Centre in Chengdu, China, is slated to commence before the end of the year.