Volvo’s luxury performance car brands Polestar, the first electric car introduced over the internet. The new vehicles will have prices and features to compete with the Tesla Model 3.
Electric cars are especially important for European automobile manufacturers. European manufacturers, which are compatible with new technologies, and partly as autonomous and electric vehicles as the future of the industry, are trying to have a say in the market already.
Volvo’s luxury brand Polestar will be able to compete in the market against Tesla Model 3 with a price of 59,900 euros and a range of more than 440 kilometers.
Model 3 and Polestar 2 are cheaper than most high-end car manufacturers’ electric models. Both Tesla and Polestar are targeting users who intend to switch to electric cars. The two companies are aiming to produce mass-produced vehicles rather than special production vehicles.
Polestar’s move came exactly at the same point as the European and Chinese government’s electric vehicle incentives. Tesla has been trying to attract more customers in these areas for a long time.
One of the leading magazines in the US, Consumer Reports, Tesla Model 3’ın reliability problems after making news Tesla had begun to experience great troubles. Analysts say the new Polestar will have a powerful engine built on the Volvo platform.
Polestar CEO Thomas Ingenlath told Reuters that they are planning to sell more than 50,000 units in 2 to 3 years from the Polestar 2, which will be available in the second half of 2020. The company will shape market conditions for how much capacity will be allocated for the production of these vehicles.
The CEO does not think there will be a production limit if the market develops well. He notes that it is important how the vehicle will have an impact on the market, how the market will be formed and how the customs will be shaped.
Last year, the German automotive giants Volkswagen, Mercedes-Benz and BMW introduced high-end electric vehicles, Tesla, holding the market alone in the hands of the power show.
In the electric car market, already taking up space is of great importance for companies producing vehicles with conventional combustion engines. Demand for old-style combustion engines is declining in Europe and China. The US trade war also affects this situation.
The Polestar 2 will be one of the 5 electric cars previously Volvo promised. This vehicle seems to be more likely to enter the Chinese market. Because the Chinese manufacturer Geely is also a shareholder of Polestar and Volvo’s main company. The vehicle can be ordered online in certain countries.