Polestar Investor Presentation

2 Broader EV and luxury landscape T TESLA EV share of 35%+ by 2025E1 NIO XPENG Investment highlights The only global EV pure play alongside Tesla T TESLA EV pure plays PORSCHE PORSCHE NIO X PENG VOLVO M 0000 Audi Mercedes-Benz LAND- -ROVER JAGUAR 1. Includes PHEVS Source: Leading management consultancy firm PORSCHE PORSCHE T TESLA NIO X PENG VOLVO M Global EV pure plays T TESLA - - - With the exception of Volvo and Porsche, incumbent OEMs exhibit a relative low speed of transition despite recent acceleration plan announcements - Nio and Xpeng are still regional companies Lucid is yet to start production and will be a regional player initially Polestar and Tesla are the only EV pure plays with mass production and global reach 18

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