Polestar SPAC Presentation Deck

1 New entrants represent an incentive for further EV charging infrastructure build-out T 917 TESLA SONO MOTORS 721 663 588 4 Decreasing TCO and improving technology Decrease in EV powertrain cost driven by falling battery costs at higher power density Energy density and charge speed continue to improve Lithium-Ion Battery price trends and forecast (USD per kwh) 381 (414) D DE KANDI (19.0%) 293 Ο ΝΙΟ XPENG 理想 219 180 156 1. Figures may not sum, because of rounding Source: Leading management consultancy firm, Statista, desktop research (8.2%) 137 101 58 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2023 2030 Appendix Several trends are underpinning acceleration of EV adoption 2 EV charging infrastructure is on the rise 5 2 2020A 9,000 Estimated number of chargers¹ (mm) 3,000 6,000 BEV 5 Regulatory restrictions 19 6 Maximum purchase incentives for EVs (€) 5 European Union ■China 6,750 2,250 4,500 8 2025E PHEV Pre-COVID-19 incentives (2019) High pressure on OEMs from regulations to improve CO2/fuel efficiency US 42 13 130 15 2030E Passenger car CO2 (g/km) regulations 95 -81 -59 2015A 2020A 2025E 2030E Increase due to COVID-19 economic stimulus packages (2020) 3 Ease of use Increasing EV charging points density across the globe underpinned by significant investment Europe targeting one charging station every 60km by 2030E Estimated capital investment through to 2030E ($bn) US China European Union 6 Technology strategy 103 About 300 new BEVs models will be launched through to 2022E A/B segment New battery vehicle models by car size, number (number) 68 36 23 230 54 11 C segment 102 125 D/E segment 17 19 523 Others 44

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