Volvo is launching a new high-tech sub-brand this year called Polestar. While its first model, the Polestar 1, will be a plug-in hybrid, the Polestar 2 is a sleekly cast full-electric luxury four-door hatchback. Intended to compete with the Tesla Model 3, the automaker is targeting a range of 275 miles on a charge, with its two electric motors expected to put around a combined 485 pound-feet of torque to the pavement. All-wheel drive will come standard.