Investor Presentation

4 Investment highlights Asset light and scalable set-up with state-of-the-art manufacturing facilities Chengdu¹ Luqiao² Ghent8 Chengdu³ Charleston³ Hangzhou Bay+ Chongqing5 Potential production site 23 Total factory Low volume production: 180,000 cars capacity 750 cars per year per year Factory 2019 2016 280,000 cars per year? 150,000 cars per year? 150,000 cars per year? 240,000 cars per year 1965 2013 2015 2021 30,000 (estimated) premium EVs per year 2024E opening Platform SPA1 CMA CMA SPA2 SPA2 PMA SPA2 Models produced Polestar 1 Polestar 2 Polestar 2 Polestar 3 Polestar 3 Polestar 4 Polestar 5 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 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

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