TSLA - Volvo's XC40 All-Electric SUV Goes Up Against Tesla Model Y

NOTE: A version of this article was first published on or about Oct. 19, 2019, on my Seeking Alpha Marketplace site.

On Oct. 16, Volvo unveiled the Volvo XC40 Recharge P8 AWD, which is Volvo’s first mass-produced all-electric vehicle (battery-electric vehicle, or BEV) that’s branded Volvo.

Why is that distinction important? Because approximately half a year earlier, the Polestar 2 was unveiled, and Polestar is for all intents and purposes a sister/daughter company to Volvo Cars.

Here's how it works: Geely (GELYF) (GELYY) owns 95% of Volvo Cars. Volvo Cars and Geely jointly own Polestar.