The S60 Polestar will be priced from $109,950 AUD ($105,670 / €79,240) and Volvo confirmed additional markets are under consideration.

Dampers from Öhlins, upgraded high-performance brakes, and an extensively-developed, highly-tuned chassis are just some of the changes to the already capable standard Volvo S60.

A new aerodynamic package has also been developed, including a front splitter, rear wing and diffuser – all having been tweaked and modified in the Volvo Car Group wind tunnel in collaboration with the Volvo Research and Development team.

The six-cylinder turbo-charged Volvo T6 engine has been optimised by Polestar with a bigger turbo, new intercooler, revised engine mapping and racing exhaust to produce 257kW (350bhp) and 500+Nm.

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The S60 Polestar accelerates from 0-100km/h in just 4.9 seconds, via a Polestar-tuned six-speed automatic gearbox – which also features a launch control system – and a Polestar-tuned Haldex 4WD system. The car is limited to a top speed of 250km/h.