Polestar has confirmed that it will reveal its next car, the Polestar 2 on February 27. The Polestar 2 will be hits first fully electric model, which will rival the Tesla Model 3.

The Polestar 2 will be revealed at an online event at 7am EST on the 27th. Polestar has opted out of a public debut for the Polestar 2, to “eliminate the environmental impact” of flying media to the debut.

We already know that the Polestar 2 will rival the Model 3, which means that its pricing will start around $40k. Some reports claim that it will have a four-door coupe bodystyle, while others are saying that it may borrow some styling cues from the Volvo 40.2 concept.