Polestar SPAC Presentation Deck

A Values Enabling consumer sustainable choices - High-performance oriented Deeply rooted safety heritage through backing from Volvo Cars and rapid adoption of new technology (e.g., lidar) D Community engagement¹ Professionalized marketing approach and real time brand valuation 1.7mn Brand searches 790k Social engagements 1. Monthly averages Jan-May 2021 Source: Company information 1.7mn Website visits 120k Email subscribers Business overview Core B Design Differentiation through avant-garde design, driving experience and sustainable choices High tech minimalism that defines luxury for the sustainable age Designer-led leadership and product development focus C Sustainability Best-in-class sustainability ambition Climate neutral car targeted by 2030E and climate neutral EV manufacturer targeted by 2040E Planned introductions of sustainable materials (e.g., natural fibers and recycled materials) throughout interiors as product portfolio matures Climate neutrality Circularity Transparency Inclusion 10

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