Polestar Investor Presentation Deck

TEV/2023E Revenue 3.1x Global Players TEV/2024E Revenue 1.5x + Note: Market date as of Feb 28, 2022. Source: FactSet, Company information, Management estimates. 9.3x T TESLA 7.7x T TESLA Transaction overview and valuation Attractive entry valuation with significant discount to peers 10.0x LUCID 4.7x LUCID Core Peers 8.1x RIVIAN 3.9x RIVIAN Chinese EV Peers Regional Players 2.8x XPENG 1.8x NIO 2.3x NIO 1.7x XPENG 38

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