2026年6月极星投资者报告-业务与战略规划-Polestar Investor Presentation 202606

01-06-2026

2

Polestar

InvestorPresentation

PolestarAutomotiveHoldingUKPLC

InternalInformation-Polestar

3

Polestar

Disclaimer

Forward-LookingStatements

Certainstatementsinthispresentation(“Presentation”)maybeconsidered“forward-lookingstatements”asdefinedinthePrivateSecuritiesLitigationReformActof1995.Forward-lookingstatementsgenerallyrelatetofutureeventsorthefuturefinancialoroperatingperformanceofPolestarincludingthenumberofvehicledeliveriesandgrossmargin.Forexample,projectionsofrevenue,volumes,margins,cashflowbreak-evenandotherfinancialoroperatingmetricsandstatementsregardingexpectationsoffutureneedsforfundingandplansrelatedtheretoareforward-lookingstatements.Insomecases,youcanidentifyforward-lookingstatementsbyterminologysuchas“may”,“should”,“expect”,“intend”,“will”,“estimate”,“anticipate”,“believe”,“predict”,“potential”,“forecast”,“plan”,“seek”,“future”,“propose”or“continue”,orthenegativesofthesetermsorvariationsofthemorsimilarterminology.Suchforward-lookingstatementsaresubjecttorisks,uncertainties,andotherfactorswhichcouldcauseactualresultstodiffermateriallyfromthoseexpressedorimpliedbysuchforwardlookingstatements.

Theseforward-lookingstatementsarebaseduponestimatesandassumptionsthat,whileconsideredreasonablebyPolestaranditsmanagement,asthecasemaybe,areinherentlyuncertain.Factorsthatmaycauseactualresultstodiffermateriallyfromcurrentexpectationsinclude,butarenotlimitedto:(1)Polestar’sabilitytoenterintoormaintainagreementsorpartnershipswithitsstrategicpartners,includingVolvoCarsandGeely,originalequipmentmanufacturers,vendorsandtechnologyproviders;(2)Polestar’sabilitytomaintainrelationshipswithitsexistingsuppliers,sourcenewsuppliersforitscriticalcomponentsandenterintolongertermsupplycontractsandcompletebuildingoutitssupplychain;(3)Polestar’sabilitytoraiseadditionalfunding;(4)Polestar’sabilitytosuccessfullyexecutecost-cuttingactivitiesandstrategicefficiencyinitiatives;(5)Polestar’sestimatesofexpenses,profitability,grossmargin,cashflow,andcashreserves;(6)Polestar’sabilitytocontinuetomeetstockexchangelistingstandards;(7)changesindomesticandforeignbusiness,market,financial,politicalandlegalconditions;(8)demandforPolestar’svehiclesorcarsalevolumes,revenueandmargindevelopmentbasedonpricing,variantandmarketmix,costreductionefficiencies,logisticsandgrowingaftersales;

(9)delaysintheexpectedtimelinesforthedevelopment,design,manufacture,launchandfinancingofPolestar’svehiclesandPolestar’srelianceonalimitednumberofvehiclemodelstogeneraterevenues;(10)increasesincosts,disruptionofsupplyorshortageofmaterials,inparticularforlithium-ioncellsorsemiconductors;(11)risksrelatedtoproductrecalls,regulatoryfinesand/oranunexpectedlyhighvolumeofwarrantyclaims;(12)Polestar’srelianceonitspartnerstomanufacturevehiclesatahighvolume,someofwhichhavelimitedexperienceinproducingelectricvehicles,andontheallocationofsufficientproductioncapacitytoPolestarbyitspartnersinorderforPolestartobeabletoincreaseitsvehicleproductionvolumes;(13)theabilityofPolestartogrowandmanagegrowthprofitably,maintainrelationshipswithcustomersandsuppliersandretainitsmanagementandkeyemployees;(14)risksrelatedtofuturemarketadoptionofPolestar’sofferings;(15)risks

relatedtoPolestar’scurrentdistributionmodelandtheevolutionofitsdistributionmodelinthefuture;(16)theeffectsofcompetitionandthehighbarrierstoentryintheautomotiveindustryandthepaceanddepthofelectricvehicleadoptiongenerallyonPolestar’sfuturebusiness;(17)changesinenvironmentallaws,regulatoryrequirements(includingexistingregulationsrelatedtoconnectedvehiclesaswellasimpactsfrompotentialorexistinglawsandregulationsthatmaypreventtheimportationofcertainelectricvehiclesintotheUS),governmentalincentives,tariffs(includingpotentiallyhigherthanexpectedtariffsifcustomsauthoritiesdetermineavehicledoesnotqualifyforalowertariffduetotheoriginofcomponentparts)andfuelandenergyprices;(18)Polestar’srelianceonthedevelopmentofvehiclechargingnetworkstoprovidechargingsolutionsforitsvehiclesanditsstrategicpartnersforservicingitsvehiclesandtheirintegratedsoftware;(19)Polestar’sabilitytoestablishitsbrandandcaptureadditionalmarketshare,andtherisksassociatedwithnegativepressorreputationalharm,includingfromelectricvehiclefires;(20)theoutcomeofanypotentiallitigation,includinglitigationinvolvingPolestarandGoresGuggenheim,Inc.,governmentandregulatoryproceedings,includingtheNHTSAinvestigationintothePolestar2rearviewcamera,taxaudits,investigationsandinquiries;(21)Polestar’sabilitytocontinuouslyandrapidlyinnovate,developandmarketnewproducts;(22)theimpactoftheongoingconflictbetweenUkraineandRussiaandtheconflictwithIranandtheconflictintheRedSea;and(23)otherrisksanduncertaintiessetforthinthesectionsentitled“RiskFactors”and“CautionaryNoteRegardingForward-LookingStatements”inPolestar’sForm20-F,andotherdocumentsfiled,ortobefiled,withtheSECbyPolestar.TheremaybeadditionalrisksthatPolestarpresentlydoesnotknoworthatPolestarcurrentlybelievesareimmaterialthatcouldalsocauseactualresultstodifferfromthosecontainedintheforward-lookingstatements.

NothinginthisPresentationshouldberegardedasarepresentationbyanypersonthattheforward-lookingstatementssetforthhereinwillbeachievedorthatanyofthecontemplatedresultsofsuchforward-lookingstatementswillbeachieved.Youshouldnotplaceunduerelianceonforward-lookingstatements,whichspeakonlyasofthedatetheyaremade.Polestarassumesnoobligationtoupdatetheseforward-lookingstatements,evenifnewinformationbecomesavailableinthefuture,exceptasmayberequiredbylaw.

Statementregardingunauditedfinancialandoperationalresults

TheunauditedfinancialandoperationalinformationpublishedinthisPresentationissubjecttopotentialadjustments.PotentialadjustmentstooperationalandconsolidatedfinancialinformationmaybeidentifiedfromworkperformedduringPolestar’syear-endaudit.Thiscouldresultindifferencesfromtheunauditedoperationalandfinancialinformationpublishedherein.Fortheavoidanceofdoubt,theunauditedoperationalandfinancialinformationpublishedinthisPresentationshouldnotbeconsideredasubstituteforthefinancialinformationfiledwiththeSECinPolestar’sAnnualReportsonForm20-F.

Trademarks

ThisPresentationincludestrademarks,tradenamesandservicemarks,certainofwhichbelongtoPolestarorPolestar’saffiliatesandothersthatarethepropertyofotherorganizations.ThePolestarlogoandothertrademarksorservicemarksofPolestarappearinginthisprospectusarethepropertyofPolestar.Solelyforconvenience,trademarks,tradenamesandservicemarksreferredtointhisprospectusappearwithoutthe®,TMandSMsymbols,buttheabsenceofthosesymbolsisnotintendedtoindicate,inanyway,thatPolestaroritsaffiliateswillnotassertitsortheirrightsorthattheapplicableownerwillnotassertitsrightstothesetrademarks,tradenamesandservicemarkstothefullestextentunderapplicablelaw.Polestardoesnotintenditsuseordisplayofotherparties’trademarks,tradenamesorservicemarkstoimply,andsuchuseordisplayshouldnotbeconstruedtoimply,arelationshipwith,orendorsementorsponsorshipofPolestarby,theseotherparties.

***

PastresultsarenotindicativeoffutureperformanceandinvestinginsecuritiesofPolestarinvolvessignificantrisks.PotentialinvestorsshouldreadandunderstandtheexplanationsofrisksdisclosedbyPolestarinitsfilingswiththeSECbeforemakinganydecisions.

TheinformationsetforthhereinisbaseduponinformationreasonablyavailabletoPolestarasofthedateofthisPresentation(oranysuchearlierdatereferencedherein),andPolestardoesnotundertakeanyobligationtoupdatesuchinformationatanytimeaftersuchdate.Norepresentation,warrantyorundertaking,expressorimplied,ismadeasto,andnorelianceshouldbeplacedon,thefairness,accuracy,completenessorcorrectnessoftheinformationortheopinionscontainedhereinandasmaybeamended.

ThispresentationshallnotconstituteanoffertosellorthesolicitationofanoffertobuyanysecuritiesofPolestar,norshalltherebeanysaleorofferofanysecuritiesinanystateorjurisdictioninwhichsuchoffer,solicitationorsalewouldbeunlawful.ThisPresentationisnotintendedtoconstitute,andshouldnotbeconstruedasinvestment,tax,legalorotheradvice.Certaininformationcontainedhereinhasbeenderivedfromsourcespreparedbythirdparties.WhilesuchinformationisbelievedtobereliableforthepurposesusedhereinneitherPolestarnoranyofitsdirectors,officers,employees,affiliatesoradvisorsmakesanyrepresentationorwarrantywithrespecttotheaccuracyofsuchinformation.ThisPresentationdoesnotpurporttocontainalloftheinformationthatmayberequiredtoevaluatePolestarandhassolelybeenpreparedforthepurposeofgenerallyfamiliarizingthereaderwithPolestar.

4

Polestar:InvestorPresentation

Overview

InternalInformation-Polestar

Polestar

Keyinvestmenthighlights

1

OnlyglobalpureEVmakeroriginatinginEuropewithcorepillarsofleadingdesign,performanceandsustainability

2Growingmodelline-up:FourpremiumEVsplannedwithinthreeyears

3

Asset-lightmodel,withaccesstoestablishedandprovenGrouptechnologyandglobalstate-of-the-artmanufacturingfacilitiestooptimizedistributionandminimizetariffimpact

4

Acceleratedtransitiontoanactivesellingmodelwithanon-genuineagencymodelset-upandrapidretailpresenceexpansion

5

Focusoncommercialtransformation,maximizingvalueofourexpandingmodelline-up,instillingfinancialdiscipline,extractinggreaterefficiencyandfixingprocesses

Polestar

InternalInformation-Polestar

OurCars

Wherewestarted

Productionstart2018

Polestar1

Theelectricperformancehybrid.

Whereweare

2024

Polestar3

Yes,it’sanSUV.Anditdriveslikeasportscar.

2023&2025

Polestar4

TheSUVcoupé.

Transformed.

2025

Polestar5

GrandTourer.Game

changer.

2020

Polestar2

Theelectricperformancefastback.

Wherewearegoing

2026-2029

InternalInformation-Polestar

7

Polestar

Currentproductportfoliotodrivetop-linegrowth

Polestar2

Fastback

Polestar3

LuxuryAeroSUV

Polestar4

PremiumCoupé/SportSUV

L

olestar5

uxurySportGT4-Door

Segment

C/Dpremium

SUVEpremium

SUVDpremium

Fcoupépremium

MSRP(1)

>$50k

>$75k

>$60k

>

$100k

Battery

70–82kWh400V

111kWh400V/800V

100kWh400V

1

12kWh800V

Power

Upto350kW/476hp

Upto380kW/680hp

Upto400kW/544hp

6

50kW/884hp

Range(2)

Upto659km

Upto647km

Upto620km

6

78km

SOP

2020

2024

2023&2025

2

026

Production

China

China

U.S.A.

China

SouthKorea

China

Source:Companyinformation.

Note:

(1)Manufacturer'ssuggestedretailprice.Pricesvarybyregion.

(2)WLTP(WorldwideHarmonisedLightVehicleTestProcedure)data.

InternalInformation-Polestar

Polestar

LargestproductoffensiveinPolestar’shistoryannouncedonFebruary18,2026

Fourmodelsinthreeyears

Polestar5–thefour-doorGrandTourer(GT)presentedin2025,withdeliveriesexpectedfromsummer2026.

Polestar4–anewvariantofPolestar’scurrentbest-sellerbasedonsamegreattechnology,targetingawidercustomer

basebyofferingmoreversatility.Tobe

launchedlaterin2026,withdeliveries

expectedtostartinthefourthquarterof2026.

Polestar2–thenextgenerationofthe

8

sedanthatbuiltPolestar’sbrand,a

completelynewsuccessorwithaplannedlaunchearlyin2027.

Polestar7–thecompact,premiumSUV,plannedtobelaunchedin2028.

Polestar

InternalInformation-PolestarPolestar7

Asset-lightmodel-Technology

Costefficientpartnershipfor

world-classcars

Polestarbenefitsfromworld-classEVtechnologyandprocurement

strengthsthroughGeelyGroup’sknow-howandglobalreach.

LeveragingVolvo'srenownedsafetyandengineeringstandards,we

ensureourmodelsmeetthehighestindustrybenchmarksfordesign,

performance,andsustainability.

CurrentGenerationPolestar2

–BuiltonCMA

platformutilizedbyVolvo,Lynk&CoandGeely

–ThemodelthatbuiltPolestar

Polestar3

–BuiltonVolvoCars’platformSPA2

–DeliversluxuryEVperformance

–Safetycredentials

Polestar4

–BuiltontheGroup’splatform

–CompetitiveproductcostatSOP

–Potentialforfurtherstreamlinedproductcost

Polestar5

–BuiltusingtheGroup’s

manufacturingfacility

–Haloproducttosupportpremiumbrandpositioning

NewPolestar2andPolestar7

–Futuremodelstobebuilton

unifiedand

competitive

Group’splatformandlatest

technology

–Manufacturingplannedin

Europefor

Polestar

InternalInformation-Polestar

Globalmanufacturing

footprint

Polestar’sglobalmanufacturingfootprintspanskeylocations,leveragingadvancedfacilitiesinChina,Korea,theUS,andEuropeinthefuturetooptimizeproductionefficiencyandmeet

growingmarketdemands.

Strategicmanufacturingpartnershipsensure

high-quality,efficient,andresponsible

production–withmanufacturingatstate-of-the-artfacilitiesoperatedbyourpartners:Volvo

Cars,GeelyandRKM.

Sharedproductionfacilitiesallowfor

economiesofscaleandarobustproductionnetwork,reducingcostsandenhancing

flexibility.

Asset-lightmodel-Manufacturing

China:fourplants2019–Polestar2

2023–Polestar4

2024–Polestar3

2026–Polestar5

Europe–2028EProductionofPolestar7

Busan,Korea-2025

ProductionofPolestar4

Charlston,USA-2024ProductionofPolestar3

10

InternalInformation-Polestar

Polestar:Salesmodeltransformation11

Transformationandoptimizationofthesalesmodelforstrategicgrowthandperformance

•InEurope,PolestarhasadvanceditsDirect-to-Consumer(DTC)operatingmodelbyestablishinganactivesellingpartnerset-up(non-genuineagencymodel)since2024,acceleratingtheretailnetworkexpansionin2025;inthefuturePolestarintendstoaddwholesalecapabilitiestoimplementadualmodelapproach

•IntheUSA,weareenhancingthedealer-focusedwholesalemodelbyincorporatingagenuinedigitalbuyingcapability

PastCurrentFuture

Direct-to-Consumer(DTC)DualModel:DTC+Wholesale

Salesmodel

Serviceprovider

contractualset-up

Activesellingmodelwithanon-genuine

agencymodelset-up

•

•

ToaddawholesalechannelinparalleltoDTCtosupportactiveselling

IntheUSA,tofurtherenhancethedigitalcapabilities

Keyfeatures

Allowsfordeepercustomer

engagementandprovidesfirsthandfeedbackfromcustomers

Launchedwithfewerlocationstofocusonbrandconsistencyandcustomerexperience

Enablesrapidretailnetworkexpansionandcustomerreachinacapital-efficientmanner

Polestarcanachievebroadermarket

coveragewhileoptimizingchannelcosts

Allowsforeffectivecustomertargeting,

withsmallandmedium-sizedenterprisesbeingthekeyfocus

Providestheflexibilitytoadapttodiversemarketconditions

andmitigatinginventoryrisk

Wholesalerscantakeownershipofthe

sellingprocessbyofferingflexiblepricingandmanaginginventoryanddistributionmoreefficiently

Mainmarkets

EU,Nordics,Australia,SouthKorea

EU,Nordics,Australia,SouthKorea

Selectmarketstobeassessed

Source:Companyinformation.

12

Polestar:Globalfootprint

Globalfootprintexpandingtopromotesales

EMEA

l~160PolestarSalesPoints

•Polestar’svehiclesarenowsoldin28marketsworldwide,drivingthebrand’sgrowth

•LaunchedinFranceinJune2025,akeyplayerintheEU’sEVlandscapeduetoitsstrongdemandforsustainablemobilityandsupportivegovernmentalpolicies

•Presentwith230salespointsand1,241servicepointsglobally,Polestarintendstoincreaseitsphysicalretailfootprintbyafurther20%toapprox.250salespointsbytheendof2026

•Polestarisrelocatingitscitylocationstolargershowroomsoutsideurbanareas,allowingfortheinclusionofbothnewandusedcars

China

lBusinessofJVterminated;distributionrightstransferredtoPolestar

Poland

Europe

Slovakia

France

IsraelHungary

CzechRepublic

SouthKorea

Kuwait

NorthAmerical~40PolestarSalesPoints

UAE

Existingmarkets

Thailand

Singapore

Newmarketin2025

Source:Companyinformationasof31March2026.

InternalInformation-Polestar

Newmarketsfrom2026onwards

RestofWorld

l~30Polestarsalespoints

lGrowthasandwhenPolestarentersnewmarketsandexpandsinROW

InternalInformation-Polestar

13

Polestar:Additionalrevenues

Carboncredittradingdrivingadditionalrevenues

Carboncredittradingmechanism

Polestar’sstrategyUpdateonregulation

•Carboncredittradingisamarket-drivenmechanismthatallowscompanieswithloweremissions(e.g.EVcompanies)toselltheir

surpluscredittothoseexceedingtheirlimits(e.g.ICEOEMs),incentivizingreducedemissions;differentjurisdictionsoperatetheirowncarbontradingsystems

•Pricingismarket-driven,dependentonsupplyanddemandnegotiations.Pricesareoftenagreedasapercentageoftheavoidedfinesontheexcessemission

•Accountingtreatment:Polestarprimarilyrecognizessalesofcarboncreditswithin“Revenue-SaleofCarbonCredits”.Incertainjurisdictions,salesofcarboncreditsarerecognizedwithin“OtherIncome”(1)

•RevenuecontributionfromsalesofCO2creditsof$211mnin2025(2024:

•

EU:TargetsremainbutOEMsaregivenincreasedflexibilityonthecompliance

$11mn)fromtheEUandUKpoolingagreementsaswellassalesintheUSand

period2025-27.Thestrategicdialoguecontinues,focusingonperiods2028and

Switzerland.

beyond.Changesmayincludearevisedviewonalternativefuels,PHEVs,range

•Expandintonewgeographieswithcarbontradingandmaximizecarboncredits

extenders,andsupercreditsforsmallercars.

pervehiclesoldtobringinpositivecashflow.

•

UK:TargetsremainbutOEMsaregivenincreasedflexibilityinmeetingtheir

•CurrentmajorcarboncredittradingcustomersincludemajorJapaneseOEMsandleadingOEMsinEuropeandtheUK.Polestarisalsoindiscussionwith

targetsuntil2029.ChangesmayincludearevisedviewonPHEVs,rangeextenders,andsupercreditsforsmallercars.

multipleleadingOEMsintheUK,EuropeandAPAConfuturecontracts.

•

USA:TheTrumpadministrationhasissuedaseriesofexecutiveorderstoreviseorremovecurrentlegislation.Thisisnegativelyimpactingthepossibilityto

conductcredittradingbusinessintheUS.StatelevelregulationunderCARB(CaliforniaAirResourcesBoard)isstillinforcebutbeingchallengedbytheTrumpadministration.

Source:CompanyInformationNote:

(1)Incertainjurisdictions,PolestarisunabletoindependentlysellthecarboncreditsallocatedtoitsvehiclesduetothefactthatthevehicleswerenotphysicallymanufacturedbyPolestar.Inthiscase,thelegalmanufacturerremitsthefullcompensationreceivedforthecreditsoldtoPolestarwherethelegalmanufactureractsasa"passthrough.“

(2)Portfolioreferstoperspectivedealamounts(excludingdealsthathavebeenmaterializedandrecognizedasrevenueeachyear)

14

Polestar:InvestorPresentation

Commercial/FinancialResults&TechnologyUpdates

InternalInformation-Polestar

Polestar:Recentreporting

Q12026financialandoperationalresults

Retailsalesvolume,

units

Q12026

13,126

Change,%

7.0

Revenue,$mn

Gross

margin,%

Adjusted

Gross

Margin*,%

Netloss,$mn

Adjusted

EBITDA*,$mn

Cashbalance,$mn

633

(3.2)

(3.3)

(383)

(235)

676

0.2

-13.5ppts

-13.6ppts(130.7)

(144.8)

Retailsalestotaledanestimated13,126cars,up7.0%YoYfrom12,263carsayearearlier,supportedbycontinuousretailexpansion,anattractivemodelline-up,andgrowingsalesofPolestar4.

RevenueofUSD633million,up0.2%fromUSD632millioninthecomparableperiod,drivenpredominantlybyhigher

volumesandpositiveforeignexchangeimpactrelatedtothepoundsterlingandeuromovementsagainsttheU.S.dollar

offsetmainlybysignificantpressureonpricing,thecarlinemixwhichincludedfewerPolestar3carsbutmorePolestar4

vehiclesandlowercarboncreditssales.CarboncreditssalestotaledUSD21millionintheperioddownfromUSD29millionayearearlier,ofwhichUSD17millionwasbookedasrevenueandUSD4millionwasbookedinotheroperatingincome.

Grossmarginat(3.2)%,from10.3%inQ12025,andAdjustedGrossMarginat(3.3)%,from10.3%inQ12025,due

mainlytofurtherpressureonpricing,EUandUStariffs,lowercarboncreditssalesandone-offimpacts,partiallyoffsetby

growthinvolumes,anincreasingshareofhighermarginPolestar4intheproductmixandcontinuedproductcostreduction.

NetlossofUSD(383)million,comparedtonetlossofUSD(166)millionayearearlier,drivenbygrosslossresult,and

mainlythenegativeforeignexchangeimpactrelatedtoChineseyuanmovementsonoperatingandfinancingliabilities.

Selling,GeneralandAdministrative(SG&A)expenseswereimpactedbyhighersalesagentremunerationlinkedtogrowthofvolumes,one-offpersonnel-relatedcostsandthetimingofmarketingeventsdespiteongoingstrictcostdisciplineacrossSG&A;ResearchandDevelopment(R&D)expenseswerestable.

AdjustedEBITDAofUSD(235)million,comparedtoadjustedEBITDAofUSD(96)millioninthecomparableperiod,duetogrosslossresult,factorsmentionedaboveandmainlynegativeforeignexchangemovementsonoperatingliabilities.

CashpositionofUSD676millioncomparedtoUSD1,159millionasatDecember31,2025.Thechangeinthecash

positionwasprimarilydrivenbyhigherAdjustedEBITDAlossandanetnegativemovementinworkingcapital.While

inventorylevelsreduced,thispositiveimpactwasmorethanoffsetbycashoutflowsfromsettlementofpayables,aswellasnetrepaymentoffinancingfacilitiesoffsetbyequityproceedsinthefirstquarterof2026.

Note:*Non-GAAPmeasures,pleaserefertotheAppendixfortheunauditedreconciliationofGAAPandNon-GAAPmeasures.

16

Polestar

TechnologyleaderintheEVsegment-Recenttechnologicalupdates

•Theupgradedmodelyear26Polestar3with800-voltarchitecture

New800VoltarchitectureenablespeakDCchargingrateupto350kW

Fastchargingof10–80%inaslittleas22minutesamplifiedbyBreatheCharge,an

innovativeadaptivebatterysoftwarethatusesacutting-edgesimulationofthebatteryinthevehicletomaximiseDCfastchargingperformance

Newin-housedevelopedrearmotorandsubstantialincreaseinpowerforallversions,nowupto500kW

Upgradedcorecomputerwithmorethan8timesgreaterprocessingpower

ThefirstEuropeansoftware-definedvehicle:TheNVIDIADRIVEAGXOrinprocessorreplacesthepreviousXavierunit,increasingprocessingpowerfrom30to254trillionoperationspersecond(TOPS).

•FirstOEMtointegrateandstarttheroll-outofGoogle’sLiveLaneGuidancedirectlyintothedriverdisplayofPolestar4intheUSandSweden,winningtheAutoBest

Smartbest2026award

•Google’sAI-basedGeminiassistant,anewadvancedAIvoiceassistantandanupgradefromGoogleAssistant,demoedinPolestar5.

17

Polestar:InvestorPresentation

UpdatestoCapitalStructure&DebtFacilities

InternalInformation-Polestar

18

Polestar

Updatestocapitalstructureanddebtfacilities

$1.2BILLIONOFNEWEQUITYRAISEDFROMEXISTINGANDEXTERNAL

INVESTORSBETWEENJUNE2025ANDMARCH2026

$0.6BILLIONDEBT-TO-EQUITY

CONVERSIONANDEXTENSIONOFMATURITYOF$0.7BILLION

SHAREHOLDERLOAN

$4.6BILLIONOFDEBTFACILITIES

RENEWED(c.$3BN)ORSECURED(c.1.6BN)IN2025

$1.4BILLIONOFFACILITIESRENEWEDINQ12026

•June2025:Polestarsecureda$200million

PIPEinvestmentfromPSDInvest