Polestar Investor Presentation Deck

Focus on the premium / luxury segment Already in production Global geographic reach 2+ SUV models by 2023E Asset light¹ Global service network Public sustainability targets Highway autonomy by 2024E³ Break-even reached or targeted by 2024E4 Transaction overview and valuation Differentiated asset-light operations with global coverage, full product offering and sustainability focus Climate neutral car by 2030E Climate neutral OEM by 2040E 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. Global EV Player X ? US EV Player 1 X X x² X ? X X US EV Player 2 X X X X ? X X Chinese EV Player 1 X X x x ? X Chinese EV Player 2 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 X X X X X ? X 37

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