Polestar Investor Presentation

Focus on the premium / luxury segment Already in production Global geographic reach 2+ SUV models by 2023E Asset light¹ Global service network 37 US EV Player 2 Chinese EV Player 1 Chinese EV Player 2 × Transaction overview and valuation Differentiated asset-light operations with global coverage, full product offering and sustainability focus Global EV Player US EV Player 1 ✓ x² 2 × × × ☑ ☑ × ✓ ✓ Public sustainability targets Climate neutral car by 2030E Climate neutral OEM by 2040E ? ? ? ? ? ✓ × Break-even reached or targeted by 2024E4 Polestar is exclusively focused on the luxury/premium segment with a complete product offering of Sedan and SUVs, serving its customers globally and targeting profitability by 2024E 1. Based on Total Assets/2020A Revenue metrics. 2. Based on observations of public materials. 3. Based on highway automation for highway use cases, according to a leading management consultancy firm. 4. Based on EBIT. Source: Company Information, Leading Management Consultancy Firm, Management estimates. Highway autonomy by 2024E3

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