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Investor Presentation

Appendix Robust R&D infrastructure driving innovation - Polestar independently decides what to develop inhouse vs. "cherry-picking" from partners-the combination allows Polestar to focus on key differentiating technologies whilst leveraging R&D from the larger Geely Group (Volvo Cars, Geely and others) in a flexible way Purchasing and manufacturing center in Polestar/brembo Polestar R&D UK Coventry, United Kingdom - - China works closely with R&D on daily basis - >200 R&D employees and growing Focus areas are: - - Sustainable lightweight structures (e.g., alloy rims etc.) Sports car technology - Low volume production - Program lead for alu-based Polestar R&D HQ Gothenburg, Sweden - ~80 R&D employees and growing - Focus areas are: - High quality & sustainable materials and processes power electric motor) - Chassis & e-powertrain (e.g., high - Electrical systems for the car - Software development across Source: Company information, Management estimates 1. Battery management system - - - sports car/GT with 800V propulsion offer Safety testing of cars Software development, testing and integration Advanced research generating Polestar IP - vehicles (e.g., BMS¹) Polestar engineered performance components 49
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