Polestar touted as Tesla rival

FRANKFURT, Germany

Volvo’s electric performance brand Polestar is unveiling a battery-powered compact car touted as a rival to Tesla’s Model 3.

The Polestar 2 is a five-door vehicle with a panoramic glass roof, an all-vegan interior and a battery with enough capacity to drive 275 miles under U.S. testing rules.

With 408 horsepower, it should accelerate from zero to 62 mph in under five seconds. Polestar said Wednesday the car’s U.S. price will be $55,500 after tax incentives; a lower-priced version with less range is envisioned.

The car, to be shown at next month’s Geneva auto show, becomes available in 2020.