Polestar Investor Presentation

Credibility & scalability Established OEM - Product development - Production - Distribution - - Technology - Financial strength Business overview Combining the best of both worlds Agility & disruption Start-up - Innovation - - Unconventional Less bureaucracy - Brand personality - Team chemistry Global from day 1 - Asset-light = Growth/scalable - - - - - Already operational with global products and sales ~29k vehicles sold in 2021 with 2025E 290k targeted¹ 23 markets across 3 continents in April 2022 Sales operations in over 100 cities Leveraging Volvo Cars' and Geely Holding's industrial infrastructure 2 award winning cars - Digitized customer journey - Differentiated and sustainable design - Direct to consumer business - Bespoke technology & innovative service - - Polestar 1 & 2 have won multiple global awards 5 launched models targeted by 2024E 1. Please see slide 32 for additional information on volumes. See footnote 1 on slide 41 for additional information on volume results for 2021. Source: Management estimates. 9

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