The Polestar 1 is a 600-horsepower hybrid sports coupe from Volvo

While Volvo has taken several steps in recent years to reinvent itself as an upscale and technological automaker, its newly created Polestar brand is about to show off how performance and electrification will work together in the future. The Polestar 1, shown Tuesday at an event in Shanghai, will go on sale in mid-2019 as a limited production sports coupe that will be the first of three new cars dedicated to Volvo’s new performance division.

But the Polestar 1 is about what’s under the...

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