Polestar SPAC Presentation Deck

2 Broader EV and luxury landscape T TESLA LUCID NIO XPENG PORSCHE VOLVO cele Audi Mercedes-Benz JAGUAR -ROVER 1. Includes PHEVS Source: Leading management consultancy firm EV share of 35%+ by 2025E¹ T TESLA UCID Ο ΝΙΟ XPENG PORSCHE Investment highlights The only global EV pure play alongside Tesla EV pure plays T TESLA LUCID NIO XPENG Global EV pure plays 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 regional companies - Lucid is yet to start production and will be a regional player initially Polestar and Tesla are the only EV pure plays with mass production and global reach 18

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