Limited to 500 unit a year on a subscription type basis and riding on Volvo's Scalable Platform Architecture (SPA), the 1, billed as a 2+2 Grand Tourer, features styling derived from the S90, but measures 4.5m in length as opposed to the sedan's 5.1m.

Made mostly from carbon fibre and fitted with a continuously controlled electronic suspension made by Öhlins, the 1 also comes fitted with six-piston brake calipers and a double rear electric axle with torque vectoring.

Although Polestar has remained coy on revealing complete details of the One's powertrain, it has however divulged that the four-cylinder Drive-E petrol engine, when combined with electric motor, punches out 441 kW and 1000 Nm of torque, allowing for an all-electric range of 150 km when in Pure mode.

In addition to the 1, Polestar has also confirmed that a mid-sized electric sedan would enter production before the end of 2019, effectively providing a rival for the Tesla Model 3, while a third model, a SUV known as the Polestar 3, would follow soon after. Production of the 1 will take place at Polestar's new production centre in Chengdu, China, likely to also produce the brand's two future models.