Polestar's intriguing Precept concept car has been given the green light for production.

A vision that will be realized in the form of Polestar 5, which will be launched in 2024.

This futuristic four-door hatchback will challenge the Porsche Taycan.

Starting price for the Polestar 5 will be around $100,000.

Like the smaller Polestar 2 sedan, the 5 will offer standard AWD using two electric motors.

Polestar claims it's targeting an 884-hp combined rating from the 5K's two electric motors.

The Polestar 5 is expected to deliver over 300 miles of driving range.

Polestar will retain the interior of the concept car as the 5 makes its way to production.

The Polestar 5 promises sports car performance levels.

Polestar's standard warranty coverage could change between now and 2023.