Is the Polestar 1 Plug-In Hybrid really priced at $155,000?
Recently, Volvo announced that they are aiming for 50-percent of their overall sales to come from EVs by 2025. In 2017, Volvo became the first manufacturer to declare that its entire model range would become electrified in at least some form: mild hybrid, plug-in hybrid, or fully electric; And then they come out with ridiculous pricing for the flagship car from their performance brand, the Polestar 1. $155,000 to compete with the likes of Tesla Model S. Seriously, Volvo?
Polestar Production Plant Underway in China
Polestar is taking a big step in its reinvention as an independent automaker with the announcement of a new production facility in China. Called the Polestar Production Center, the state-of-the-art facility is expected to be completed sometime in the middle of 2018. It’s already being billed as the most eco-friendly car plant in China and one of the most efficient ones in the world. Once its up-and-running, the facility will become the production home of the automaker’s line-up of vehicles, including the 600-horsepower Polestar 1 coupé.