Polestar releases an EV in Korea with free colors
Polestar unveiled its first model for the Korean market Tuesday, its first all-electric vehicle (EV), the Polestar 2.
The joint venture between Volvo Cars and its Zhejiang, China-based parent company Geely Holding set up a wholly owned subsidiary in Korea in March.
On Tuesday, it introduced the Polestar 2, a five-door fastback in two powertrains: a long-range single motor and a dual motor.
The single motor version is able to generate up to 231 horsepower and can run 417 kilometers (260 miles) on a single charge. It only takes 30 minutes to charge from 10 percent to 80 percent.
The dual motor vehicle, with a maximum of 408 horsepower, can reach 100 kilometers per hour within 4.7 seconds. It can travel 334 kilometers per charge.
Both are equipped with a 78 kilowatt-hour lithium-ion battery produced by LG Energy Solution.
Safety is the biggest advantage Polestar 2 offers, Ham Jong-sung, managing director of Polestar Korea, said during a press event at the Seoul Wave Art Center, southern Seoul.
“We spared no expense in strengthening the safety of the Polestar 2,” Ham said. “It received five stars from the European New Car Assessment Programme’s safety test and its overall result was higher than any other EV in the world.”
Polestar 2 comes with a TMAP Infotainment system, which the Gothenburg, Sweden-based EV automaker developed in collaboration with SK Telecom’s Tmap Mobility. The system offers various services for drivers such as battery charging levels and locations of charging stations nearby.
The sticker price for the single motor version starts from 54.9 million won ($46,100). It was apparently set to ensure it receives 100 percent of the Korean government subsidy. Under a law recently revised by the Environment Ministry, only vehicles costing 55 million won or less will be eligible for the entire central government subsidy.
The price of the dual motor version begins at 57.9 million won.
Six color options are available without additional cost, which the company said is an special offer for Korean customers. In the United States, black is standard and other colors cost an additional $1,200.
Polestar wants to sell 40,000 Polestar 2s in Korea this year. It also plans to introduce at least one new EV model every year through 2024.
Orders for Polestar 2s can be made on the Polestar Korea website, and the vehicles will be delivered starting from mid-March.
Polestar is often called Sweden’s Tesla since both brands are young and focus on developing EVs.
BY SARAH CHEA [email@example.com]