Polestar SPAC Presentation Deck

4 Total factory Low volume production: capacity 750 cars per year Factory opening Platform Chengdu¹ Models produced 2019 SPA1 Polestar 1 1 Factory owned by Polestar 2 Factory owned by Geely Holding and operated by Volvo Car 3 Factory operated and operated by Volvo Cars 4 Factory owned and operated by Geely Luqiao² 180,000 cars per year 2016 CMA Polestar 2 5 Factory owned by Geely and operated by Polestar 6 Defined by jobs per hour according to Geely practices 7 As defined in Volvo cars EMTN program 2021 8 Potential production site, not included in the current business plan assumptions Investment highlights Asset light and scalable set-up with state-of-the-art manufacturing facilities Ghent8 Potential production site 280,000 cars per year7 1965 CMA Polestar 2 Chengdu³ 150,000 cars per year7 2013 SPA2 Polestar 3 Charleston³ 150,000 cars per year7 2015 SPA2 Polestar 3 Hangzhou Bay 240,000 cars per year 2021 PMA Polestar 4 Chongqing5 30,000 (estimated) premium Evs per year 2024E SPA2 23 Polestar 5

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