Polestar Investor Presentation Deck

Global Players Regional Players Revenue growth CAGR projection (2023E-2025E) 86% 64% 19% 12% 21% T TESLA 2024E/2025E gross margin 28% 26% T TESLA RIVIAN 18% Note: Market date as of Feb 28, 2022. Source: FactSet, Company information, Management estimates. 20% LUCID 75% LUCID 12% 15% Transaction overview and valuation Strong top and bottom line growth relative to peers RIVIAN 47% XPENG 24% 26% NIO 30% 23% ΝΙΟ 25% XPENG Core Peers Global Players EBIT growth projection (2024E-2025E) 232% 3% 8% 27% T TESLA 2024E/2025E EBIT margin Chinese EV Peers 17% 21% ΝΑ T TESLA RIVIAN (4%) 4% LUCID Regional Players ΝΑ LUCID (28%)(11%) RIVIAN 452% XPENG 4% 11% NIO 300% 2% ΝΙΟ 7% XPENG 39

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