The automaker also plans to introduce a large performance sedan and potentially a compact crossover. To sell the expanding portfolio of models, Polestar expects to have 35 retail stores across the continental U.S. by the end of next year.
Polestar 1: The coupe, based on the Volvo Concept Coupe, is clad in carbon fiber to reduce body weight and improve torsional rigidity by 45 percent. The 2020 Polestar 1 is powered by a 2.0-liter, four-cylinder turbocharged and supercharged engine. The PHEV has a 77-mile electric-only range.
Polestar 2: The battery-electric fastback is powered by a 78-kilowatt-hour battery and is based on Polestar's compact modular platform, which also underpins the Volvo XC40 crossover. The long-range, dual-motor Polestar 2 features 408 hp and 249 miles of driving range. Late this year, Polestar will introduce a single-motor version powered by a 78-kWh battery that delivers an EPA-estimated 265 miles.
Polestar 3: The five-seat crossover coupe will debut an all-new EV platform. The dual-motor Polestar 3 should have a range of more than 300 miles and offer eyes-off, hands-off autonomous driving capability, once that technology is approved for use. The midsize model will compete with the Jaguar I-Pace and Audi E-tron, with production to begin at Volvo's South Carolina factory in late 2022 and U.S. deliveries to follow.
The Polestar 3 is the "next milestone" for the company, Ingenlath said. "It is an ambitious car and will show where we are headed with this brand," he said.
Precept: The performance sedan could arrive by late 2024. The interior will showcase seat material made from recycled plastic bottles and cork vinyl. Interior panels are made with flax-based composites. The Precept will feature the next generation of Android Automotive, which will have advanced eye-tracking and proximity sensors to deliver information.
Compact crossover: A Porsche Macan- sized model is under discussion but has not yet been approved for development.