The Polestar 5 is a production version of the Precept concept EV

Last year, Polestar announced that it's stunning Precept concept EV sedan would become a real production car. Now, the company has shown the first official images of the production version and confirmed that it will arrive in 2024 as the Polestar 5, Roadshow has reported.

Unlike many auto show concepts, the new vehicle strongly resembles the Precept that it's based on. That includes the long wheelbase, "shark" nose, fastback design and geometric creasing. "It makes me very proud to see how much of the concept car's design is making it into the Polestar 5," said Polestar CEO Thomas Ingenlath in a statement. It's likely to use a version of parent Geely's upcoming SPA2 EV platform also earmarked for the Polestar 3 SUV and next-generation Volvo XC90.

With the Polestar 5, the company has nearly fleshed out its EV lineup that includes the current Polestar 2, upcoming Polestar 3 SUV and the original Polestar 1, a PHEV that will no longer be produced after 2021. A Polestar 4 is also in the offing as a smaller crossover-style SUV that could be the analog of Volvo's C40 Recharge, according to an Autocar report.

That will give it a product lineup roughly equivalent to Tesla, with a sedan, hatchback, crossover and SUV. Given Polestar's design chops, and the excellent Polestar EV driving characteristics we've seen so far, it should be a formidable rival.