Polestar Automotive Holding UK Ltd PSNY announced a major production milestone for its Polestar 2 electric vehicles on Tuesday.

What happened: The Swedish brand, which is owned by Volvo, said it recently produced its 100,000th Polestar 2 vehicle in Luqiao, China.

The company said the vehicle will be handed over to a customer in Ireland and will feature “unique door markings” to celebrate the achievement.

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Why it matters: The Polestar 2 is the fifth best-selling mid-size premium car in Europe, beating out competitors like the all-electric BMW i4, reported Automotive News Europe.

The car from the Tesla Inc TSLA The rival was taken out for a spin by Benzinga staff last year.

Priced at almost $60,000, the Polestar 2 has been described as “one of the only ones”. pure electric Tesla fighters I had the pleasure of driving” from Benzinga’s John Stoll.

Price promotion: On Thursday, Polestar shares rose 20.5% to $7.82 in regular trading and fell 1% to $7.74 after the close Benzinga Pro data.

Continue reading: Tesla demand in China is not moving? EV maker reportedly considering another price cut as order intake remains anemic