EV Production Scaling and Financial Overview

After increases in CY23-Q2, US spot steel prices declined in CY23-Q3, with futures suggesting relatively stable pricing over the summer US Steel Prices, USD/ST, Jan '21- Oct '23 US Steel Price $/ST HR - CR 2,500 2,000 1,500 1,000 500 BLUE BIRD Futures Corridor T T Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep 2021- 2022 2023 Sources: CME, AMM Fastmarkets 32

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