Polestar, Volvo’s performance subdivision, has announced that the Polestar 1 coupé it showed off in October would be officially ready to order next year, ahead of production starting in mid-2019 at a new plant in China.

Polestar 1 is the first new vehicle since Volvo broke out the division as more than a performance tuner for its fastest models.  The new Polestar 1 is a four-seat GT hybrid coupé powered by a Volvo Drive-E 2.0 liter turbocharged gasoline engine and a pair of electric motors that produce a total of 600 horsepower and 1000 NM of torque when they work combined. In pure-electric mode, its electric engines send around 215 horsepower to the rear wheels and provide a range of around 150 km. All of that power will be braked with Akebono six-piston brake calipers featuring 400mm discs.

In order to build the same exclusivity feel beyond what M, RS, and AMG models offer now, Polestar is limiting sales for the powerful new hybrid to its biggest markets. It’s unclear when Polestar will open up availability to more markets, but the plan is to limit Polestar 1 sales to 500 per year. Polestar has confirmed new, widely available models which will include an SUV and a sedan, both of which are fully electric.

The new Polestar 1 will be sold online via a subscription fee or in Polestar Spaces set up in some countries for customers who prefer to shop in person. The subscription will be for a fixed 2-3 year term. Volvo has done this in the past, offering a new way to acquire new models with its Care by Volvo service introduced for the new Volvo XC40. Polestar’s subscription fee will not require a deposit and will cover insurance, maintenance costs and the monthly payment. The fee will include pick-up, delivery, and servicing at selected Volvo and Polestar dealers. Polestar will offer a range of concierge services through an app.

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