Polestar Investor Presentation

2 Broader EV and luxury landscape T TESLA EV share of 35%+ by 2025E1 + Investment highlights The only global EV pure play alongside Tesla EV pure plays T Global EV pure plays -UCID TESLA RIVIAN NIO X PENG -UCID T TESLA RIVIAN PORSCHE PORSCHE NIO X PENG RIVIAN VOLVO M ♡ Audi Mercedes-Benz JAGUAR LAND- -ROVER 1. Includes PHEVS. Source: Leading management consultancy firm. PORSCHE PORSCHE VOLVO B M W NIO X PENG T TESLA - With the exception of Volvo and Porsche, incumbent OEMs exhibit a relative low speed of transition despite recent acceleration plan announcements - Nio and Xpeng are still - predominantly regional companies Lucid and Rivian commenced production recently and likely to be regional players initially Polestar and Tesla are currently the only EV pure plays with mass production and global reach. 18

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