Is Polestar 1 fully electric?
The Polestar 1 is powered by a hybrid powertrain, using a twincharged 2. Volvo XC90 T8 to drive the front wheels through an 8-speed automatic transmission, with an additional two electric motors powering the rear wheels. In terms of on-road performance, both accelerate quite handily, with the Polestar offering far more power in its base configuration: 489 horsepower and 620 pound-feet of torque to be exact, compared to 402 hp and 568 lb-ft on the Volvo.
Is Polestar owned by Volvo?
Polestar Ownership Volvo was purchased by Zhejiang Geely Holding in 2010 after 11 years of ownership under Ford Motor Company. Volvo acquired 100% of Polestar in 2015 and continued to produce Polestar versions of its models as the company’s performance sub-brand — similar to Mercedes with AMG. Volvo Car Group (Volvo Cars) is owned by Zhejiang Geely Holding (Geely Holding) of China. Volvo Cars formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company. In 2010, Volvo Cars was acquired by Geely Holding.Volvo said last February it would stop funding Polestar and would transfer responsibility for the brand to China’s Geely, which is also Volvo’s majority shareholder.
Is Polestar a Chinese car?
Volvo and Polestar are brands majority-owned and controlled by Chinese automaker Geely, putting the Swedish marques in a vortex of difficulty in the U. S. Volvo Cars has had great success evolving from the wagons it was long known for into crossovers combining utility and driving smoothness. Volvo is the safest car brand in the world because it has consistently proven itself in safety testing, been a leader in safety innovations for decades, focused on accident prevention through features and handling, and prioritized the safety of everyone on the road.
Is Polestar better than Volvo?
In terms of on-road performance, both accelerate quite handily, with the Polestar offering far more power in its base configuration: 489 horsepower and 620 pound-feet of torque to be exact, compared to 402 hp and 568 lb-ft on the Volvo. Polestar vehicles now have access to the Tesla Supercharging Network, unlocking 17,800 fast charging stations across North America.If you’re a bit pressed for time then we’ll tell you right away that the Tesla is quicker, more ostensibly futuristic, and has the benefit of Tesla’s nationwide Supercharger plug-in network – for now. The Polestar has a much greater sense of depth and luxury, thanks to its Volvo vibes.
Is Polestar made by Tesla?
Polestar Automotive Holding UK PLC, or simply Polestar, is a Swedish automotive manufacturer that produces electric cars. Principally owned by Li Shufu’s PSD Investment, Geely Holding and Volvo Cars, the company is headquartered in Torslanda, outside Gothenburg, Sweden. As a fully electric brand, Polestar is suffering from the slow uptake of EVs in the US, which has cut tax credits for battery powered vehicles. The US now represents just 8% of its sales, down from 16% a year ago.As of July 2025, the Polestar 4 holds a New Car Expert Rating of A with a score of 75%. It scores top marks for its zero tailpipe emissions and excellent safety rating, while its media review scores are also good. However, its running costs are only average.Michael Lohscheller, Polestar CEO, says: “We are making progress in our commercial transformation, expanding our dealer network and opening retail locations across our 28 markets, resulting in revenue growth of 49% in the first nine months of 2025.This is a highly unprofitable business heading into a hypercompetitive moment in the automotive space, where electric vehicles keep losing market share. Its balance sheet is in terrible shape, and it keeps burning cash. Polestar stock is likely to fall lower and lower from here.
Is Polestar better or Tesla?
The Polestar 2 has more cargo space and a nicer cabin, as well as a longer list of standard safety features. Though the Tesla wins overall, these two vehicles are closely matched in just about every category of this slideshow, and both are great choices if you’re in the market for a luxury electric car. Polestar tends to be the better fit if you want an EV-forward brand with a sportier edge, sharper styling, and a more minimal, tech-centric experience—especially if you’re drawn to a performance-luxury feel and want something a little more unconventional.