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Polestar Sets Date for AGM and Announces Board Changes
Polestar Sets Date for AGM and Announces Board Changes

Business Wire

time6 days ago

  • Automotive
  • Business Wire

Polestar Sets Date for AGM and Announces Board Changes

BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that in conjunction with its Annual General Meeting (AGM) to be held in London on 30 June 2025, certain changes to the Company's Board of Directors are being submitted for shareholder approval. Full details of the AGM are available on the Company's Investor Relations website: Karen Francis' and Zhe (David) Wei's terms are ending at the closing of this year's AGM and they have both announced that they will not stand for re-election. Additionally, David Richter and Donghui (Daniel) Li have announced their decisions to resign from the Board, both effective at the closing of this year's AGM. Francesca Gamboni and Laura Shen are standing for re-election at the AGM. Additionally, two new Directors are proposed and recommended for election: Cynthia Dubin and Quan (Joe) Zhang. Winfried Vahland, Polestar Board Chair, says: 'I want to thank Karen Francis, David Richter, David Wei and Daniel Li for their invaluable contributions to Polestar and the roles they played in transforming it into a listed company. I'm pleased to welcome Cynthia Dubin and Joe Zhang to the Board, whose valuable experience will be of great benefit to Polestar.' Cynthia Dubin is an experienced Chief Financial Officer and Board Director currently serving on the board of Ice Futures Europe, an exchange for futures and options contracts for energy and emissions products, interest rates, equity derivatives and soft commodities, owned by Intercontinental Exchange, Inc. She is further on the boards of Hurco Companies, Inc., a global machine tools manufacturer listed on Nasdaq, and of the UK Competition and Markets Authority. Joe Zhang, Vice President and Chief Financial Officer of Zhejiang Geely Holding Group, is proposed to succeed Daniel Li on the Board. About Polestar Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific. Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe. Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar's comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion. Forward-Looking Statements This press release contains statements that are not historical facts, but rather forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Polestar or its management believes or anticipates may occur in the future. All forward-looking statements are based upon, as applicable, our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including those risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in Polestar's Form 20-F, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission by Polestar. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.

Polestar Sets the Date for Q1 2025 Select Results
Polestar Sets the Date for Q1 2025 Select Results

Business Wire

time09-05-2025

  • Automotive
  • Business Wire

Polestar Sets the Date for Q1 2025 Select Results

BUSINESS WIRE)--Polestar (Nasdaq: PSNY) expects to publish Q1 2025 select financial results on 12 May 2025, before market open. Management will host a conference call at 14:00 Central European Time (08:00 US Eastern Time) the same day, accessible via the Polestar Investor Relations website. Polestar filed its annual report for 2024 on form 20-F with the U.S. Securities and Exchange Commission (SEC) on 9 May 2025. About Polestar Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific. Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe. Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar's comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion. Forward-looking statements Certain statements in this press release ('Press Release') may be considered 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Polestar including the number of vehicle deliveries and gross margin. For example, projections of revenue, volumes, margins, cash flow break-even and other financial or operating metrics and statements regarding expectations of future needs for funding and plans related thereto are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expect', 'intend', 'will', 'estimate', 'anticipate', 'believe', 'predict', 'potential', 'forecast', 'plan', 'seek', 'future', 'propose' or 'continue', or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) Polestar's ability to enter into or maintain agreements or partnerships with its strategic partners, including Volvo Cars and Geely, original equipment manufacturers, vendors and technology providers; (2) Polestar's ability to maintain relationships with its existing suppliers, source new suppliers for its critical components and enter into longer term supply contracts and complete building out its supply chain; (3) Polestar's ability to raise additional funding; (4) Polestar's ability to successfully execute cost-cutting activities and strategic efficiency initiatives; (5) Polestar's estimates of expenses, profitability, gross margin, cash flow, and cash reserves; (6) the identification and remediation of accounting errors and/or a final assessment of errors already identified that differs significantly from Polestar's preliminary view of such errors and the successful filing of restatements of any SEC reports; (7) Polestar's ability to continue to meet stock exchange listing standards; (8) changes in domestic and foreign business, market, financial, political and legal conditions; (9) demand for Polestar's vehicles or car sale volumes, revenue and margin development based on pricing, variant and market mix, cost reduction efficiencies, logistics and growing aftersales; (10) delays in the expected timelines for the development, design, manufacture, launch and financing of Polestar's vehicles and Polestar's reliance on a limited number of vehicle models to generate revenues; (11) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (12) risks related to product recalls, regulatory fines and/or an unexpectedly high volume of warranty claims; (13) Polestar's reliance on its partners to manufacture vehicles at a high volume, some of which have limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to Polestar by its partners in order for Polestar to be able to increase its vehicle production volumes; (14) the ability of Polestar to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (15) risks related to future market adoption of Polestar's offerings; (16) risks related to Polestar's current distribution model and the evolution of its distribution model in the future; (17) the effects of competition and the high barriers to entry in the automotive industry and the pace and depth of electric vehicle adoption generally on Polestar's future business; (18) changes in regulatory requirements (including environmental laws and regulations and regulations related to connected vehicles), governmental incentives, tariffs and fuel and energy prices; (19) Polestar's reliance on the development of vehicle charging networks to provide charging solutions for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (20) Polestar's ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from electric vehicle fires; (21) the outcome of any potential litigation, including litigation involving Polestar and Gores Guggenheim, Inc., government and regulatory proceedings, tax audits, investigations and inquiries; (22) Polestar's ability to continuously and rapidly innovate, develop and market new products; (23) the impact of the ongoing conflict between Ukraine and Russia and in Israel, the Gaza Strip and the Red Sea; and (24) other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in Polestar's Form 20-F, and other documents filed, or to be filed, with the SEC by Polestar. There may be additional risks that Polestar presently does not know or that Polestar currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Polestar assumes no obligation to update these forward-looking statements, even if new information becomes available in the future, except as may be required by law.

Polestar Q1 retail sales grew by 76% compared to the same quarter last year
Polestar Q1 retail sales grew by 76% compared to the same quarter last year

Yahoo

time10-04-2025

  • Automotive
  • Yahoo

Polestar Q1 retail sales grew by 76% compared to the same quarter last year

GOTHENBURG, Sweden, April 10, 2025--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) retail sales volumes amounted to an estimated 12,304 cars in Q1 2025, up 76% versus Q1 2024 and were stable versus Q4 2024, against a challenging economic environment. Sales are supported by a growing uptake of newer models and the ongoing transition to an active selling model. Michael Lohscheller, Polestar CEO, says: "We are on the right track and doing the right things. I'm pleased with the progress we are making in transforming our commercial operations. With a more active selling model, more retail partners and attractive cars, we are delivering results. At the same time, we are monitoring closely and assessing the volatile geopolitical environment and will adapt as needed." Breakdown of retail sales volumes: Q1 2025 Q1 2024 Change (%) Retail sales 12,304 6,975 +76% Polestar expects to publish its full year results for 2024 and file its annual report on Form 20-F, by the end of April 2025. About PolestarPolestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific. Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe. Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar's comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion. Forward-Looking StatementsCertain statements in this press release ("Press Release") may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Polestar including the number of vehicle deliveries and gross margin. For example, projections of revenue, volumes, margins, cash flow break-even and other financial or operating metrics and statements regarding expectations of future needs for funding and plans related thereto are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential", "forecast", "plan", "seek", "future", "propose" or "continue", or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) Polestar's ability to enter into or maintain agreements or partnerships with its strategic partners, including Volvo Cars and Geely, original equipment manufacturers, vendors and technology providers; (2) Polestar's ability to maintain relationships with its existing suppliers, source new suppliers for its critical components and enter into longer term supply contracts and complete building out its supply chain; (3) Polestar's ability to raise additional funding; (4) Polestar's ability to successfully execute cost-cutting activities and strategic efficiency initiatives; (5) Polestar's estimates of expenses, profitability, gross margin, cash flow, and cash reserves; (6) the identification and remediation of accounting errors and/or a final assessment of errors already identified that differs significantly from Polestar's preliminary view of such errors and the successful filing of restatements of any SEC reports; (7) Polestar's ability to continue to meet stock exchange listing standards; (8) changes in domestic and foreign business, market, financial, political and legal conditions; (9) demand for Polestar's vehicles or car sale volumes, revenue and margin development based on pricing, variant and market mix, cost reduction efficiencies, logistics and growing aftersales; (10) delays in the expected timelines for the development, design, manufacture, launch and financing of Polestar's vehicles and Polestar's reliance on a limited number of vehicle models to generate revenues; (11) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (12) risks related to product recalls, regulatory fines and/or an unexpectedly high volume of warranty claims; (13) Polestar's reliance on its partners to manufacture vehicles at a high volume, some of which have limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to Polestar by its partners in order for Polestar to be able to increase its vehicle production volumes; (14) the ability of Polestar to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (15) risks related to future market adoption of Polestar's offerings; (16) risks related to Polestar's current distribution model and the evolution of its distribution model in the future; (17) the effects of competition and the high barriers to entry in the automotive industry and the pace and depth of electric vehicle adoption generally on Polestar's future business; (18) changes in regulatory requirements (including environmental laws and regulations and regulations related to connected vehicles), governmental incentives, tariffs and fuel and energy prices; (19) Polestar's reliance on the development of vehicle charging networks to provide charging solutions for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (20) Polestar's ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from electric vehicle fires; (21) the outcome of any potential litigation, including litigation involving Polestar and Gores Guggenheim, Inc., government and regulatory proceedings, tax audits, investigations and inquiries; (22) Polestar's ability to continuously and rapidly innovate, develop and market new products; (23) the impact of the ongoing conflict between Ukraine and Russia and in Israel, the Gaza Strip and the Red Sea; and (24) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in Polestar's Form 20-F, and other documents filed, or to be filed, with the SEC by Polestar. There may be additional risks that Polestar presently does not know or that Polestar currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Polestar assumes no obligation to update these forward-looking statements, even if new information becomes available in the future, except as may be required by law. View source version on Contacts Anna GavrilovaHead of Investor Theo KjellbergHead of Corporate Sign in to access your portfolio

The Single-Motor Polestar 3 Is Still Pretty Great
The Single-Motor Polestar 3 Is Still Pretty Great

Yahoo

time31-03-2025

  • Automotive
  • Yahoo

The Single-Motor Polestar 3 Is Still Pretty Great

Polestar has been (mostly) split off from Volvo by an IPO that changed its relationship with both the Swedish brand and their shared Geely parent company. Polestar now wants to stand on its own with a growing range of electric models, with the company committed to a lineup that will eventually expand to the planned Polestar 7. The Polestar 3 needs to be good enough to compete in what is already a high-quality segment. The Dual Motor model is an impressive entry into a crowded field, but how does the more affordable Single Motor variant stack up? Our expert editors test every vehicle we review. Read more about how we test and review cars that Polestar is more than just Volvo's electric subsidiary, it needs to figure out exactly where it sits in the market. Glancing at the text written on various surfaces of the Polestar 3 will tell you the company prioritizes both performance and its environmental credentials. On the Dual Motor Polestar 3, which produces up to 510 hp, that performance is hard to miss. The new Long Range Single Motor variant tested here is more subtle, with a 295-hp peak output and drive restricted to the rear wheels. The result, no surprise, is a less thrilling experience, but with both improved efficiency and affordability. Vehicle tested: 2025 Polestar 3 Long Range Single Motor Base Price: $68,900 Price as Tested: $82,700 Location: Thousand Oaks, California Powertrain: Single-motor, rear-wheel drive Power: 299 hp Torque: 361 lb-ft 0-60: 7.5 seconds (manufacturer-stated) Battery capacity: 111 kWh Weight: 5445 pounds EPA Range: 350 miles The biggest strengths of the Single Motor Polestar 3 are what it shares with its more powerful sibling. That includes impressive driving dynamics for a segment not traditionally known for its on-road thrills. No electric crossover is light, and the approximately 5400-pound 3 is no exception. But the Single Motor variant still felt nimble and athletic when I drove it on a tight canyon road, with genuine feedback passing through the power steering to my fingers. On performance, the Single Motor loses the impressive urge of the Dual Motor variant. It also misses out on the AWD's active rear differential, with a conventional open differential in its place that can't redistribute torque to help the car to turn. Another loss is air suspension, standard on the Dual Motor but replaced here by steel springs. Polestar says the tuning is meant to emulate the feel and comfort of the plush-riding air springs, but a brief side-by-side comparison proved the more complex setup dealt better with broken surfaces. My rear-wheel-drive test car also rode on all-season tires, while the Dual Motor had grippier summer rubber. But rather than regretting what it lacks, the Single Motor Polestar 3 still felt both comfortable and engaging to drive quickly. It will be cross-shopped against other single-motor EV crossovers, and against that benchmark it felt compelling enough. Buyers who prioritize performance can choose to pay the premium for the Dual Motor version. A standard Single Motor Polestar 3 comes with wool seats and one massive, portrait-oriented screen. Gauges on the dashboard are dropped entirely in favor of a small screen attached to the car's steering wheel, the face of which features just two pads of unmarked buttons. Buyers coming from other EVs will be impressed by the quality of those materials and the usefulness of Polestar's Android-based tech. Those more familiar with more conventional luxury cars will be puzzled by a car at this price point with a spartan interior layout and standard non-leather seats. It all depends on how you view the minimalist ethos. Fortunately, the wool seats are well designed and a cut above normally entry-level cloth. The optional napa leather seats are firmer, and massage functions tied only to the leather option should make the choice clear for buyers with the extra money to shell out. Carbon footprint details on the seat material are printed on both options, though, so the leather one comes with a permanent reminder that more CO2 went into its creation. The Single Motor Polestar 3's biggest advantage is its EPA-estimated 350-mile range, which is 71 miles ahead of the corresponding figure for the Dual Motor 3 with the Performance pack, both versions using the same 111-kWh battery. Polestar claims a zingy rate of 250 kW on a sufficiently potent DC fast-charger, taking it from 10 percent to 80 percent charge in as little as 30 minutes. My drive was too short to give me the chance to verify those numbers, but my test car's range dipped gently during an afternoon in the canyons. The Polestar 3's relatively small exterior profile stands out in a world of bulky crossovers, including the Volvo EX90 that sits on the same platform. The smaller Polestar is not as roomy as the Volvo and only has two rows of seats, but it still felt spacious in the rear—the lack of a transmission tunnel a huge advantage over a similarly sized combustion alternative. The Polestar 3 is already targeting a very specific buyer, someone whose idea of luxury is about style and tech-forward effectiveness rather than extravagance and opulence. The Single Motor variant cuts that down further by taking away a few major components that make the Dual Motor 3 so enjoyable on the road. What's left is a compelling EV for the price, but one that will not work for every buyer. At $68,900 before options and after a delivery fee, the Long Range Single Motor variant is not all that much cheaper than the $74,800 entry point for the cheapest Dual Motor variants. Enthusiasts should note that the desirable Performance pack for the Dual Motor is another $6000 leap, but the standard AWD version should mark a sweet spot for buyers interested in the best all-around Polestar 3 value. Early Polestar 3s sold in America came from a plant in China, but newer models are now being built at a Volvo plant in South Carolina. That should help keep pricing stable even while major tariffs loom over imported cars. Clean design that stands out in a world of overly styled EVs. Lively, nimble feel on the road. A roomy cabin in a relatively small footprint. Disappointing performance compared to better-equipped Dual Motor variants. A tech-focused interior that feels a little too simplified. Priced close to Dual Motor considering the missing features. In a world where performance numbers are alluded to by vexing model designations that seem to change by the month, Polestar's cars wear their most vital stats in plain text in front of the driver's door. If you want to know how powerful a specific Mercedes EV is, you have to look up what designations like 53 4Matic+ mean on an individual model. On the Polestar 3, the capacity of the battery in kWh and the peak power output in kW are listed on the side of the car. You Might Also Like You Need a Torque Wrench in Your Toolbox Tested: Best Car Interior Cleaners The Man Who Signs Every Car

Polestar Secures USD 450 Million Term Facility and Renews EUR 480 Million Green Trade Finance Facility
Polestar Secures USD 450 Million Term Facility and Renews EUR 480 Million Green Trade Finance Facility

Yahoo

time28-02-2025

  • Automotive
  • Yahoo

Polestar Secures USD 450 Million Term Facility and Renews EUR 480 Million Green Trade Finance Facility

GOTHENBURG, Sweden, February 28, 2025--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) advises that it has secured a 12-month term facility of up to USD 450 million and has renewed the EUR 480 million Green Trade Finance Facility (TFF). In February 2025, the Company secured up to USD 450 million in a 12-month term facility after having secured in December 2024 over USD 800 million in 12-month term facilities. Polestar originally entered into a 12-month TFF with a syndicate of leading global banks in February 2022 to support its working capital requirements and in February 2025 the facility has been renewed for EUR 480 million. Calendar Polestar expects to publish global retail sales volumes for Q1 2025 on 10 April 2025. Polestar intends to publish fourth quarter and full-year 2024 results prior to or concurrently with filing its Annual Report on Form 20-F for 2024 in April 2025. About Polestar Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific. Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe. Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar's comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion. Forward-Looking Statements This press release contains statements that are not historical facts, but rather forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Polestar or its management believes or anticipates may occur in the future. All forward-looking statements are based upon, as applicable, our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including those risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in Polestar's Form 20-F, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission by Polestar. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law. View source version on Contacts Anna GavrilovaHead of Investor Theo KjellbergHead of Corporate Sign in to access your portfolio

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