Another Big Automaker Takes Aim at Tesla's Model 3
![Another Big Automaker Takes Aim at Tesla's Model 3 Another Big Automaker Takes Aim at Tesla's Model 3](http://g.foolcdn.com/editorial/images/459639/215051_polestar_1_white_exterior_front.jpg)
Swedish automaker Volvo Cars officially launched its new high-performance Polestar brand on Tuesday -- and its announcement made clear that the new brand is aimed directly at Tesla (NASDAQ: TSLA).
Yes, the first Polestar product will require gasoline (it's a high-performance luxury hybrid). But all future Polestars will be pure battery-electric vehicles, and the brand's product plan promises serious competition for the Silicon Valley automaker -- soon.
The first product from Volvo Cars' new performance brand is the Polestar 1, a 600-horsepower hybrid coupe. Image source: Volvo Cars.
Source: Fool.com
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