Investor Presentation

2 Investment highlights Cutting edge design coupled with an unrivaled focus on sustainability Design - - - Differentiation through avant-garde design, experience and sustainable choices High performance innovation driven by sports-oriented R&D team Deeply rooted safety heritage through backing from Volvo Cars and rapid adoption of new technology (e.g., lidar) Polestar 1 & 2 have won multiple global awards BUSINESS INSIDER FEMME FRONTAAL reddot winner 2021 best of the best THE AMOUNTAINE DIN CROWNS 2020 Car of the Year Most sexy car of 2020 TopGear MAGAZINE Best All-Rounder, EV Awards Auto ZEITUNG Best Hybrid Sports Car of the Year PeTA Ethical Business Award 1. Source: Company information GCOTY German Luxury Car of the Year The Golden Steering Wheel 20201 GREEN CAR AWARDS Luxury Green Car of the Year ÅRETS 20 BIL 21 Dinside Dagbladet Norway Car of the Year 2021 The 2021 Car GQ Awards Best Hybrid Sports Car edie sustainability leaders awards Product Innovation of the Year 2021 Sustainability at the core: concrete targets and measures - - - Climate neutral car by 2030E and climate neutral EV manufacturer by 2040E Climate neutral manufacturing and materials consumption Circular battery design and production with clear second life/recycling strategy - Full blockchain based data transparency throughout the supply chain - Ethical and inclusive work principles and values Carbon Footprint for Polestar 2 vs. a compact SUV ICE model Tonne CO2-equivalents 58 50 42 8 8 27 58 8 42 34 Volvo XC40 ICE Polestar 2 Global electricity mix Vehicle excluding Battery Battery Polestar 2 European electricity mix 19 Polestar 2 Wind power 19

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