Investor Presentation
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Polestar 3 and SPA 2 platform expected to
drive Capex 2021-2022E
Capex need from main carlines of the
business plan expected to tail off towards
2025E
Next generation expected Capex in 2024E-
2025E driven by next generation platform and
first top hat derivate
Financial overview
Capex spend to fund investments
required for future model launches
Capex by type, $bn
0.7
0.7
0.7
0.6
0.5
0.3
0.5
0.2
0.4
0.3
0.4
0.3
0.2
0.2
0.2
2021E
2022E
2023E
2024E
2025E
Intangibles
Property, Plant & Equipment
Note: Management estimate based on past projects and experiences, assumptions
regarding a competitive cost level, customer preferences and the legal, regulatory
incentive environment
Source: Business Plan, Management estimates
Research & Development, $bn (cash spend)
0.5
0.5
0.4
0.4
0.3
2021E
2022E
2023E
2024E
2025E
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