Polestar sees “Tesla and increasingly electrified Porsche” as its competition
During the course of a recent interview with Ward Auto, Polestar CEO Thomas Ingenlath said that the automaker considers “Tesla and the increasingly electrified Porsche” as its main competitors.
Ingenlath was apparently talking about Tesla Motors and Porsche as Polestar’s “competition set” in terms of a performance electric vehicle (EV).
Polestar was previously the performance brand of Volvo, but the Swedish automaker re-launched it as an all-electric brand in 2017. As an EV maker, Polestar’s first vehicle -- called Polestar 1 -- is a highly expensive plug-in hybrid, priced at a whopping $150,000.
Polestar has already announced in a press release that its next EV --- Polestar 2 -- would be an all-electric “Tesla Model 3 competitor,” and added that Polestar would “vividly compete with” Tesla in the EV market. The Polestar 2 EV is scheduled for launch in the second half of 2019, and will likely hit production by the beginning of 2020. The vehicle will be priced at around $49,300.
Other than revealing that Polestar would take on Tesla with its forthcoming Polestar 2 electric vehicle, Ingenlath said in the interview that Polestar also plans to challenge “electrified Porsche.” Like Porsche, Polestar also does not want to lay excessive focus on the 0-60 mph acceleration number. Polestar wants to focus on the ‘handling’ aspect of EVs, while Porsche is focused on enhancing electric propulsion by transferring the ‘Porsche driving experience’ to EVs.
New plans related to production of Model 3 have surprised parts makers. The automotive company has planned to launch its Model 3 by 2018, which is two years prior to what earlier was decided.
German automaker Volkswagen has revealed in a recent announcement that it is investing $100 million in solid-state battery startup QuantumScape, a startup that recently spun out of Stanford.
According to a recent announcement by Volkswagen, the automaker’s Foshan Plant ‘mega-factory’ in China is being expanded in order to increase its capacity to produce electric vehicles (EVs).
Chinese electric vehicle (EV) manufacturer Kandi has recently marked its official foray into the US market, with the launch of two new EVs --- the EX3 all-electric SUV, and the K22 subcompact electric car.
Tesla Motors has sent invitations for unveiling of electric semi-truck on November 16. The event was earlier planned in October but the company had to push it to November 16 due to production bottlenecks.
Chinese government offers subsidies for electric vehicle buyers and also uses tough regulations to press people to buy electric vehicles.