Although the 1 is built on the same SPA platform that underpins Volvo's 90-series cars (S90, V90, and XC90), Polestar engineers snipped 7.9 inches from the rear overhang and 12.6 inches from the wheelbase to create the two-door.
Its range of 150km on electric power alone gives it the longest-running electric range of any hybrid vehicle on the market, according to Volvo.
The first vehicle from the new brand, called Polestar, will be a limited-edition plug-in hybrid with an electric driving range of 93 miles.
Volvo unveiled the first auto to be launched under its new Polestar sub-brand October 17, the Polestar 1 hybrid sports coupe, to start production in mid-2019.
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. An all-electric Polestar model targeting the Tesla Model 3 is now in development, the company said.
A monthly payment plan gets you access to the vehicle, covers insurance, and includes scheduled maintenance and detailing.
To further enhance performance, the new model will be the world's first, Polestar claims, to use the new Öhlins Continuously Controlled Electronic Suspension, or CESi, advanced chassis technology.
The Polestar 1's order books opened today (October 17, 2017). "All future cars from Polestar will feature a fully electric drivetrain, delivering on our brand vision of being the new standalone electric performance brand". Additionally, the 1 uses a double electric rear axle with torque vectoring.
To that end the 1 is also the first vehicle to ever be equipped with Ohlins' new Continuously Controlled Electronic Suspension. Will it be a plug-in hybrid?
The teaser video reveals close-ups of various body parts of the Polestar 1 and with a handful of motivational-esque slogans, like "no illusions", "no shortcuts" and "no compromises". Also, after a few glasses of wine, you might mistake it for a Ford Mustang. Only 500 of these cars, called the Polestar 1, will be built starting in mid-2019.
There are no performance or economy figures available for the Polestar 1 yet, although it's likely to be able to hit 62mph in under 4 seconds, and if you're prepared to plug it in every night you should see impressive economy too.
Cars will be ordered online and offered on a two or three year subscription basis with monthly payments. As Thomas Ingenlath, Chief Executive Officer of Polestar, puts it, "Most electric cars are fast - that's a product of the attributes of an electric motor". Instead, you will subscribe to an all-inclusive driving experience for two or three years.