Under the bonnet is Volvo's 2.0 litre petrol engine with turbo and supercharging for 377bhp to the front wheels, and a pair of electric motors on the back wheels chucking in another 215bhp. In addition, it would have a range of 150kms on pure electric power alone - the longest full electric range of any hybrid vehicle on the market.
Interestingly, Volvo says the powertrain is an "electric vehicle supported by an internal-combustion engine", which may mean the electric motor and battery pack take a lead role in the hybrid system.
The Polestar 1 is a two-door, 2+2 seat Grand Tourer Coupe with an "Electric Performance Hybrid" drivetrain.
For those interested in how to get their hands on one of these when they come out, Volvo says they will move away from the traditional automaker-dealership model. The zero-deposit, all-inclusive subscription includes a pick-up and delivery service.
The company will also use phones as keys, and will allow customers to share the cars with others by sending virtual keys.
Only a few months ago, Volvo announced that its in-house performance division, Polestar-heretofore known for imparting engine and chassis tweaks to the S60, V60, and other Volvos-would begin building cars under its own name.
Intrigued? Polestar expects to start taking "expressions of interest" from customers on October 17, 2017. Presumably, this will be something larger than a Volvo XC60 but smaller than an XC90. And if you're seriously up to date on your Volvo knowledge, you'll be aware that Volvo and its parent company Geely just pumped €640 million into Polestar to make it an innovative, electric performance brand.
The Polestar 1 is going to hit the roads in 2019, but after that Polestar also two further cars to diversify its line-up. The Polestar 1 is the first product of that investment.
As expected the Polestar 1 will be an electric coupe and even though Polestar has broken off from the Volvo brand, the Polestar One still has lots of inspiration from Volvo's current design language. And you won't technically own the vehicle or buy it from a traditional dealer. Cars are ordered online only on a two- or three-year subscription basis. It will form a halo for the future Polestar brand with market launch scheduled in 2019.
"Our vision is that the Polestar subscription model and services that we will offer will define the Polestar brand as much as our cars will".