Polestar Investor Presentation

2 Investment highlights Industry leading performance and technology Core in-house competence well defined - - - - - - - R&D facility in Coventry, UK attracting industry-leading sports- performance oriented talent and engineers Breakthrough technology developments already demonstrated by P10 motor, Precept aluminum architecture and bi-directional charging Access to 20k+ dedicated R&D and design FTEs throughout the Geely/Volvo Cars' network Software development competence across the vehicle (e.g., BMS) Performance components such as best-in-class motors Electrical competence with CPU based central computer architecture New sustainable materials know-how Smart partnerships propel time to market - - - Polestar 3, with SoP in 2022E', will include unsupervised highway pilot offering during its lifecycle Best in class long range sensors via Luminar partnership First full Google Android vehicle with full OTA capability Autonomous driving partners: - Luminar - Nvidia - Waymo - Zenseact State-of-the-art EV powertrain ambition Polestar Precept Lightweight aluminum architecture SPA2 electrical system (AD ready) P10 drivetrain (450kw rear motor) Battery pack (400V and 800V) 1. Production in Chengdu is planned to start in early 2023. Source: Company information, Management estimates. Providing the basis for future upside opportunities with technology licensing expected in 2024E 2 21

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